4truth

Radio Value Opportunity Beckons: Calling Warren Buffett

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.