24/7 Wall St. » CMLS

This Month’s Biggest Index Losers: Radio, Chinese Advertising, and Cancer Treatment Stocks

247wallst — Tue, 06 Jul 2010 15:58:42 +0000

Heavy losses were sustained in three Tickerspy indexes over the last 30-day period. This month’s biggest index losers are in radio, Chinese advertising, and cancer treatment stocks.

Radio stocks are down 15.2% in the past month. The worst performing stocks in the sector are Cumulus Media Inc., (NASDAQ: CMLS) down 28.9%, Entercom Communications Corp., (NYSE: ETM) down 27.7%, and Saga Communications Inc., (AMEX: SGA) down 18.6%.

Chinese advertising stocks are down 16.2% in the past month. The worst performing stocks in the sector are AirMedia Group Inc., (NASDAQ: AMCN) down 24.6%, China MediaExpress Holdings, Inc., (NASDAQ: CCME) down 24.5%, and SearchMedia Holdings Ltd, (AMEX: IDI) down 23.3%.

Cancer treatment stocks are down 21.6% in the past month. The worst performing stocks in the sector are Delcath Systems Inc., (DCTH) down 59%, Marshall Edwards Inc., (NASDAQ: MSHL) down 43%, and Æterna Zentaris Inc., (NASDAQ: AEZS) down 37.1%.

-24/7 Wall St.

Filed under: Media, Pharmaceuticals Tagged: AEZS, AMCN, CCME, CMLS, DCTH, ETM, IDI, MSHL, SGA

The Month’s Biggest Index Gainers: Broadcast TV, Vehicle Rental, and Radio Stocks

247wallst — Tue, 27 Apr 2010 15:25:19 +0000

There were strong gains in three Tickerspy indexes over the most recent 30-day period. This month’s biggest gainers are in broadcast TV, vehicle rental, and radio stocks.

Broadcast TV stocks are up 30.8% in the past month. The best performing stocks in the index are Gray Television Inc., (NYSE: GTN) up 92%, Sinclair Broadcast Group Inc., (NASDAQ: SBGI) up 60.5% and LIN TV Corp., (NYSE: TVL) up 49.5%.

Vehicle rental stocks are up 28.2% in the past month. The best performing stocks in the index are Hertz Global Holdings, Inc., (NYSE: HTZ) up 44%, Avis Budget Group, Inc., (NYSE: CAR) up 32.7%, and Dollar Thrifty Automotive Group Inc., (NYSE: DTG) up 26.4%.

Radio stocks are up 25.7% in the past month. The best performing stocks in the index are Emmis Communications Corp., (NASDAQ: EMMS) up 124.3%, Cumulus Media Inc., (NASDAQ: CMLS) up 58.7%, and SIRIUS XM Radio Inc., (NASDAQ: SIRI) up 36%. ]

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Filed under: auto, Cable Companies, Satellite, TV Tagged: CAR, CMLS, DTG, EMMS, GTN, HTZ, SBGI, SIRI, TVL

52-Week Low Club (AYE, AXL, APL, AUO, CHB, CMLS, GAP, MAC, MIR, RRI, SGLP, SWY, VRTU)

247wallst — Fri, 18 Jul 2008 14:29:00 +0000

Its Friday, and despite a fairly stable market today there were of course many 52-week lows. Some look like a mid-city explosion from news, and some are just the normal selling. As a reminder, some of these stocks are not under the 52-week lows at the time this published but these would have hit prior 52-week lows or traded under them on an intra-day basis.

Here is today’s list on the 52-week lows:

Allegheny Energy Inc. (NYSE: AYE)
American Axle & Manufacturing (NYSE: AXL)… gotta love those auto suppliers.
Atlas Pipeline Partners (NYSE: APL)
AU Optronics Corp. (NYSE: AUO) hit but didn’t stay under low
Champion Enterprises (NYSE: CHB) again from yesterday
Cumulus Media Inc. (NASDAQ: CMLS)
Great Atlantic Pacific & Tea (NYSE: GAP)… who says food is safe???
Macerich (NYSE: MAC) downgrade
Mirant (NYSE: MIR)
Reliant Energy Inc. (NYSE: RRI)
Semgroup Energy (NASDAQ: SGLP) battered again after parent woes.
Safeway Stores Inc. (NYSE: SWY)… who says food is safe???
Virtusa Corp. (NASDAQ: VRTU) on downgrade

Jon C. Ogg
July 18, 2008

The 52-Week Low Club (EVR)(PLA)(CMLS)(LGBT)

247wallst — Mon, 12 May 2008 14:48:49 +0000

Evercore Partners (EVR) was knocked down to $12.54 against a 52-week high of $33.

Playboy Enterprises (PLA) sold off to $6.80 on a continuing poor reaction to earnings. The company has a 52-week high of $12.

Cumulus Media (CMLS) fell to $4.25 after a buy-out of the company fell apart. The 52-week high for the shares is $11.74.

Planet Out (LGBT) shares dropped to a 52-week low of $1.87 on now news. The company is supposed to be sold. The 52-week high for the shares is $23.30.

Douglas A. McIntyre

Other In-Trouble Mergers After Affiliated Computer (ACS, TRB, CMLS, GCO, PPH, FINL, BX, COMS)

247wallst — Thu, 01 Nov 2007 14:44:57 +0000

Yesterday morning 24/7 Wall St. covered how the buyout for Affiliated Computer Services (NYSE:ACS) was for all practical purposes looking like toast, and we wanted to see which other pending deals were at risk. A much more detailed review went to our free email newsletter subscribers yesterday morning, and all of these spreads have widened out today. The news from last night confirmed this buyout was dead and today the Chairman received notice that the independent directors would leave their posts as per his demands.

But there are many other mergers out there that have misleading merger-arb spreads that are indicative of potential trouble as far as a closing at all or at least a risk of the stated merger price being sent to a reduced buyout price. Almost all of these mergers are different than the ones from September that we deemed at risk.

Tribune (NYSE:TRB) $34 buyout from Sam Zell and employees….
Shares reached almost $30.50 yesterday and today’s $29.90 is representative of a 13.7% merger-arb spread for a merger that shareholders have already approved. 24/7 Wall St. has given our own prediction for a buyout price that Sam Zell would likely offer if financing gets tight in this LBO-OPM (leverage buyout, other peoples money) offer. We are looking at updating this in our New Media/Old Media subscriber letter next week.

PHH Corp. (NYSE:PHH) $31.50 buyout……
With a near-50% merger-arb spread consider this one toast or revised far lower or maybe only even by one of the buyout partners. The Blackstone (NYSE:BX) buyout is supposedly to be revisited momentarily, although JPMorgan and Lehman that were financing a portion of the deal have (as of last look) maintained a $750 million shortfall on the debt portion here. General Electric (NYSE:GE) was Blackstone’s buyout partner and the deal as originally intended was going to send the fleet services group (corporate car and truck fleets) to GE and the mortgage business to Blackstone.

Genesco (NYSE:GCO) $54.50 buyout……
The $1.5 billion footwear acquisition that had been agreed to in June was scheduled to close last month, but would-be acquirer Finish Line (NASDAQ:FINL) and investment bank UBS stalled on the deal because of concerns over Genesco’s financial performance after the $54.50 buyout deal was announced. At $45.40 there is a 20% merger-arb spread. 24/7 Wall St.’s belief is that Finish Line is in no position to do the deal whether it "states uncomfort and concerns" or not.

3Com (NASDAQ:COMS) $5.30 buyout…..
3Com’s buyout is not at risk over shareholder revolts nor over financing. This one is at risk over China’s Huawei holding a stake after the Bain Capital buyout over "national security concerns" because many US and partner government agencies still relying on 3Com’s communication equipment. Senators are reviewing the deal and saber rattling here. Boy, those must be some old systems. 24/7 Wall St. is reviewing this one now for the Special Situation Investing Newsletter since at $4.86 this has only a 9% merger arb-spread for an at-risk deal on a company that management can’t fix on its own.

Cumulus Media (NASDAQ:CMLS) $11.75 management-led buyout…..
The $1.3 Billion MBO agreement announced on July 23, 2007 has been a quiet one. When announced this was almost a 40% premium. At $10.12 today, there is still a 16% merger-arb spread. The Board of Directors approved the deal and recommended that shareholders vote for it, but the financing from Merrill Lynch Global Private Equity and Merrill Lynch Capital Corporation "could" be up for interpretation. Jim Cramer actually called this a takeover candidate before the MBO was announced. Cumulus is also a name 24/7 Wall St. has under review for its New Media Old Media subscriber newsletter.

Jon C. Ogg
November 1, 2007

Jon Ogg produces the subscriber-based Special Situation Investing Newsletter where we cover buyout candidates, restructurings, spin-offs, and more. We recently issued our "Small Cap Internet Watch List" PART 1 of 2 that showed a list of smaller web related properties we think could be acquired under the right circumstances, and we even listed which predator companies could or would acquire them under the right circumstances.