Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Cumulus Media Is Positioned Well For Continuous Growth

Cumulus Media (NASDAQ:CMLS) has outperformed my high expectations for the company, jumping from $3.33 per share on June 20, 2013, when I last wrote on the company, to $6.57 per share, where it closed on May 5, 2014. For the last 12 months it is up 81.15%.

Among the major catalysts are its Nash brand, Right Now Traffic, CBS Sports Radio, and Westwoodone, which is creating more synergies at a faster pace than projected.

Also contributing is its growing digital advertising business, along with increasing national spot advertising, which will increase through the rest of the year as the elections get closer. So far political advertising has generated little to the top or bottom lines of the company,...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details