Beasley Broadcast Group Inc. (BBGI)
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BBGI Forum Topics
- All Comments on BBGI
- General Discussion on BBGI
- Jim Cramer's Mad Money In-Depth, 3/10/08: Radio Killed the Radio Star [view article]
- Radio Value Opportunity Beckons: Calling Warren Buffett [view article]
- Radio Companies: Untapped Value at Apocalyptically Low Levels [view article]
- Note to Radio Companies: It's About Innovating More, Not Sucking Less [view article]
- Earnings Schedule and Estimates for Monday, Feb. 13 [view article]
- Trailing 12 Month P/E for Radio Media Companies [view article]
loading ...Recent BBGI Articles
- Radio Value Opportunity Beckons: Calling Warren Buffett
- Radio Companies: Untapped Value at Apocalyptically Low Levels
- Note to Radio Companies: It's About Innovating More, Not Sucking Less
- Trailing 12 Month P/E for Radio Media Companies
- Earnings Schedule and Estimates for Monday, Feb. 13
- Short interest jumps for CETV and NOOF; drops for NNDS
- Beasley Broadcast Group (BBGI) reports higher than expected revenues and EPS
- Are radio stocks ready to rebound?
- Beasley Broadcast Group (BBGI) increases its guidance
- Short interest jumps for DISK, RGCI, BBGI and SALM; plummets for NOOF
- Full List of Articles »
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General Discussion on BBGI
Is this a buy or a sell? ReplyJim Cramer's Mad Money In-Depth, 3/10/08: Radio Killed the Radio Star [view article]
It took some people two years to get their FDIC money back from the S&L crises in the 1990’s. Just because you have insurance on anything doesn’t mean you’ll be compensated immediately.Now that I’ve gotten that out of the way, I think Jim Cramer makes a huge amount of sense with the Sirius-XM merger. He mentioned all the other mergers that were ridiculously huge (he loves to give Exxon-Mobil as an example) and believes the delay is a political move meant to bankrupt both companies.
Maybe Congress believes Howard Stern is a bigger threat to their livelihood than an oil monopoly? Who knows… Reply
Radio Value Opportunity Beckons: Calling Warren Buffett [view article]
Dont you think this industry suffers from what the newspaper industry suffers from: poor economics. That is to say would radio have even existed if satellite radio and ipods and on demand media existed first? Buffet does not own a radio station to my knowledge. I would say the long term earnings power of a radio station is not as knowable as say the future earnings power of say gillette... so why invest in it. Do you have an investment in radio? ReplyLindstrom
Jim Cramer's Mad Money In-Depth, 3/10/08: Radio Killed the Radio Star [view article]
"Cramer thinks a bottom will come only when a bank rallies, causing customers to panic and withdraw money."I believe he said we won't have a market bottom until AFTER a bank FAILS where customers panic and want their money out and the bank has to shut its doors. I took it as Cramer was very, very bearish and scaring people by talking about bank failures, especially in this day and age when we have FDIC. Reply
Lindstrom
Jim Cramer's Mad Money In-Depth, 3/10/08: Radio Killed the Radio Star [view article]
I think you translated this wrong:"Cramer thinks a bottom will come only when a bank rallies, causing customers to panic and withdraw money."
I believe he said we won't have a market bottom until AFTER a bank FAILS where customers panic and want their money out and the bank has to shut its doors. I took it as Cramer was very, very bearish. Reply
Jim Cramer's Mad Money In-Depth, 3/10/08: Radio Killed the Radio Star [view article]
Cramer's rant on the delay in the Sirius/XL merger by the FCC feels like Marie Antoinette's rant on "let them eat cake". Please Mr. Cramer, keep your head on straight. ReplySchweitzer
Radio Value Opportunity Beckons: Calling Warren Buffett [view article]
You are on the "money" in the valuation of cash-flow business.This particular one requires a "holdings Company" concept to realize the optimum "value" (basically re-use) of the cash flow.
In the case of B-H, the units are too small for the necessary attention to the value generators (particularly programing adjustments and demographics adaptations). But they would fit inside the shells of older "news" and "entertainment&qu... enterprises.
What seems to be missing is the ability of the aggregated broadcasters to deploy their cash flows for optimum base growth. That kind of "stall-out" in optimum deployment is seen to some degrre in other cash generators such as Ebay, MSFT, and some lessser players. The use to buy back shares (retire capital from earned surplus) shows one of the deficiencies of the class and level of managements in broadcasting.
What is the most nearly optimum deployment for such cash flows?
Would it be into asset acquisitions at depressed cycles? Other operations that require cash infusion whilst the utimate product is in process (a la motion pictures; realty development; mining?)?
Apparently missing is that extra level of "management,"... basically proprietary management, that deals with using the "milk" from the cash cow - above and beyond the operating managers that make the cow produce cash. Reply
Radio Value Opportunity Beckons: Calling Warren Buffett [view article]
I have seen the same comments made in the past about free TV and how people are not going to pay for something they already get for free. My thought is with companies like Sirius and XM that you done just get music and non stop commercials, but you get content. Sporting events,music,talk radio while your on a long trip that wont all of a sudden cut out on you because you are out of the range of the radio tower is a huge advantage to the sattelite based business. So in my humble and non Warren Buffet like opion I think sattelite radio like cable television is here for the long run, or until the next great unforseable technology comes along. Dont get me wrong though free radio like our five free TV channels, should always have a place in a free society. ReplyRadio Value Opportunity Beckons: Calling Warren Buffett [view article]
Thank you everyone for the feedback, especially the flood of emails I received this morning. Please keep it coming. ReplyRadio Value Opportunity Beckons: Calling Warren Buffett [view article]
Wishful thinking. BBGI at 11.5x EV/EBITDA is cheap? SBSA at 9.5x? CMLS at 10.6x? The only thing left is asset value, and subtracting out the debt even from that these companies are still expensive. Add in management (who still think its 1996) with super voting control and it's no wonder why no one wants to touch the float. Don't waste your time. ReplyRadio Value Opportunity Beckons: Calling Warren Buffett [view article]
the old saying goes you get what you pay for. FM radio is free but it's unlistenable now. The commercials are endless, the choke on free speech, those 7 dirty wurds that can't be said, if they slip up, the FCC stomps on em, cus' you know we need to protect peopel from the spoken word..... that's been done in otehr dictatorships, it works for a while, then it fails. sattelite is teh future, FM is now what AM is when FM was born in teh 60's. Does AM still exist? With all that static, noise low fidelity. FM is teh new AM, as far as programing, it all sucks. Unlistenable. Let's all hope SIRI and XM merge so they continue to offer real radio, with real people, talking liek REAL PEOPLE. Not having to talk like everything is a violation in this "free" country. If FM radio is so embedded, with a BILLION receivers, why is the FCC and the gov't staling and claiming SIRI/XM merger is a monopoly, buffet says terestial radio is forever, someone is wrong.....And both are actually. Satelites have changed tv, telephone, why not RADIO? I do own SIRI stock, cus' it's the future, FM radio is the rotary phone of broadcasting, lame programing, mindless blather, censorship too. ReplyRicher
Radio Value Opportunity Beckons: Calling Warren Buffett [view article]
Absolutely right on the money. And in addition, there are virtually no new licenses being added, meaning that radio's quasi-monopolistic status will endure. Well-managed radio companies that focus on their core business continue to throw off amazing amounts of free cash flow. ReplyRadio Value Opportunity Beckons: Calling Warren Buffett [view article]
I am not in radio but I do have half my investment capital in Berkshire, and having travelled extensively, I would add another point to that radio moat: It isn't just the license; it is the content. A strong station playing oldies, or acid rock, or talk, or religion, or whatever seems hard to tackle, to me. People find their station in a new town and seem to stick with it for life. I'm in Texas now, but I remember even ten years after leaving Illinois I could still recite the call sign and dial position of a radio station I had not heard in a decade. The only thing that ever prompted me to switch radio stations was a blatant racist comment (no, not that Imus one recently) by a disc jockey. I found another station, and even that idiot was fired, they eventually went out of business. So they are not invulnerable to complete idiocy, but no business is, and I think that whatever human psychology it is that gets people stuck on one frequency for LIFE is a moat in itself. ReplyRadio Companies: Untapped Value at Apocalyptically Low Levels [view article]
Thanks for all of the emails and other feedback I got on this article. Please keep them coming. ReplyNote to Radio Companies: It's About Innovating More, Not Sucking Less [view article]
Thanks to everyone who posted here and emailed me with your amazing feedback. Reply