Cumulus Stock Price - Page 2
Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 24

Thread: Cumulus Stock Price

  1. #11
    Quote Originally Posted by wavo View Post
    Can anyone identify ANY change that would make investors nervous or inclined to take profits/loss and move on?
    The end of the year. Some brokers recommend selling a combination of losers with some big gainers before the end of the year to offset the tax liability.

    But sure, there may be some bad news coming next week. On many fronts, including the election. No way to know for sure until it happens.

  2. #12
    Quote Originally Posted by PTBoardOp94 View Post
    I've thought about some CMLS shares. At this point, in the 1-3 year timeline either they recover and the stock shoots up, or they go bankrupt.
    And look! Turns out it only took just over 1 year for Mary Berner and her brain trust to drive Cumulus straight to bankruptcy.

    Anyone who thinks Cumulus survives without massive job cuts and/or selling off stations is flat-out wrong.

  3. #13
    Quote Originally Posted by mrkadison View Post
    And look! Turns out it only took just over 1 year for Mary Berner and her brain trust to drive Cumulus straight to bankruptcy.

    Anyone who thinks Cumulus survives without massive job cuts and/or selling off stations is flat-out wrong.

    Point of fact: Mary Berner has been CEO for 2-1/2 years. If you just do a simple search on the internet, you'll find all the documents on the Chap 11. The major lenders have approved it. The company likely won't be selling any stations or laying off staff. In fact, during the bankruptcy, they bought a station in Chicago, hired several new staffers, and launched some new shows. So you appear to be the one who's "flat-out wrong."

  4. #14
    Moderator/Co-Administrator
    Join Date
    Jul 2003
    Location
    SoCal
    Posts
    36,231
    Quote Originally Posted by mrkadison View Post
    And look! Turns out it only took just over 1 year for Mary Berner and her brain trust to drive Cumulus straight to bankruptcy.
    .
    Berner was brought in to steer the company through reorganization with the very real prospect that it would be necessary to declare Chapter 11 bankruptcy.

    The company is poised to exit bankruptcy in late Spring or Summer of this year, with no major sell-offs of assets unless any grandfathered overlaps or excesses requires them as, in effect, the ownership changes as the former shareholders loose most / all their equity.
    www.americanradiohistory.com
    Broadcasting Magazine and Yearbooks, Billboard, Cash Box, R&R, Record World, Music & Media, Audio, Television/Radio Age, R&R, Duncan's American Radio, Popular Electronics, Studio Sound, Broadcast Engineering, db, and more.

  5. #15
    Quote Originally Posted by TheBigA View Post
    Point of fact: Mary Berner has been CEO for 2-1/2 years. If you just do a simple search on the internet, you'll find all the documents on the Chap 11. The major lenders have approved it. The company likely won't be selling any stations or laying off staff. In fact, during the bankruptcy, they bought a station in Chicago, hired several new staffers, and launched some new shows. So you appear to be the one who's "flat-out wrong."
    Berner - Yes BigA, I realize how long Ms. Berner has been CEO. My comment about it taking "just over 1 year" was in reference into the previous post dated Nov. 3, 2016.

    Internet searches - Thanks, I understand how Google works. ;-)

    Bankruptcy - At the time of the aforementioned previous post, Cumulus shares traded on the Nasdaq at $1.13 a share. This was after the 8-for-1 REVERSE split (always an encouraging sign that Wall Street likes to see). Today Cumulus shares go for 7 cents......on the pink sheets.

    How Finance Works - This company has a market cap of $2 million, and its debt is north of $2 billion. You don't think staff cuts or station sales are coming?? Maybe you should do a simple search on the internet to see how Mary Berner handled Reader's Digest's financial troubles......right up until the board of directors showed her the door and replaced her.

    To be clear, I've never owned shares of Cumulus Media and I've never crossed paths with Ms. Berner. But I have no respect for radio execs who pay lip service to "great programming" and "serving our listeners" and then run their stations with no regard to either.

  6. #16
    Quote Originally Posted by mrkadison View Post
    You don't think staff cuts or station sales are coming?? Maybe you should do a simple search on the internet to see how Mary Berner handled Reader's Digest's financial troubles......right up until the board of directors showed her the door and replaced her.

    I have no reason to believe that one situation has anything to do with the other.

  7. #17
    Quote Originally Posted by TheBigA View Post
    I have no reason to believe that one situation has anything to do with the other.
    Other than Mary Berner being the CEO running both media content companies, you may be right BigA.

    And as Journey taught us all......don't stop believin'.

  8. #18
    Moderator/Co-Administrator
    Join Date
    Jul 2003
    Location
    SoCal
    Posts
    36,231
    Quote Originally Posted by mrkadison View Post
    B
    How Finance Works - This company has a market cap of $2 million, and its debt is north of $2 billion. You don't think staff cuts or station sales are coming?? Maybe you should do a simple search on the internet to see how Mary Berner handled Reader's Digest's financial troubles......right up until the board of directors showed her the door and replaced her..
    Market cap has no bearing on a Chapter 11 situation. The shareholders have the expectation of getting nothing but worthless digital "paper" as they have about the lowest priority in the proceedings. Those buying the shares are pricing them at what they think they will be worth if there is any residual equity to be distributed; they are speculating.

    The new stakeholders will be the lenders and creditors who take equity in the reorganized company as part of the settlement of debts.

    Berner was taken in to Reader's Digest to reorganize. She took the only possible avenue out, which was Chapter 11. Some of the shareholders were in disagreement as they could not understand how print and direct marketing, the main products of RD, had declined. In the end, I think analysts agreed with what Berner was doing and lament that she was not allowed to see it through as it's the belief in many that she was a better steward for the assets than the management that followed her.
    www.americanradiohistory.com
    Broadcasting Magazine and Yearbooks, Billboard, Cash Box, R&R, Record World, Music & Media, Audio, Television/Radio Age, R&R, Duncan's American Radio, Popular Electronics, Studio Sound, Broadcast Engineering, db, and more.

  9. #19
    Quote Originally Posted by DavidEduardo View Post
    Berner was taken in to Reader's Digest to reorganize. She took the only possible avenue out, which was Chapter 11.
    The ONLY possible avenue out....you sure about that, Mr. Gleason?

    I took BigA's advice and did a simple search on the internet, which led to this article about how Ms. Berner "charted a course for growth" when she took the reins at Reader's Digest a full 4 years before she was shown the door.
    https://www.mediapost.com/publicatio...rs-digest.html

  10. #20
    Safe to assume we're done here?

    Y'know, when trading opened on Wall Street this morning Cumulus Media's stock opened at five cents a share. Five cents!!
    And you know what's really incredible? It actually fell another 10%.
    https://finance.yahoo.com/quote/CMLSQ?p=CMLSQ

    I'm sure it won't be Mary Berner or Mike McVay or anyone else in the Cumulus brain trust, but whoever's the last one out the door please turn off the lights, m'kay?

Page 2 of 3 FirstFirst 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  




     
Our Conferences
Useful Contacts
Community


Contact Us