mjuhazie
Long

CMLS double up opportunity in the next year

NASDAQ:CMLS   CUMULUS MEDIA INC
CMLS has a good chance to double up in the next year, the stock price is beat way down due to the reduction in advertising on radio. As businesses open back up and start to advertise their profits will return. They are currently valued at 600 million and they made 700 million in revenue last year. Their P/E is under 1. They have historically been at a P/E of around 8.

Company is way undervalued, they do have a good amount of debt but the debt is not due till 2026. You don't get a company this cheap without a little risk.

Comments

I think so. I sure listen to a lot of podcasts with westwood one, so once advertisements come back hard it should get some momentum.
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