May. 11 at 1:10 AM
$EVC Trump and Republicans pushing hard for auction but military and others fighting it. FCC will win imvho. But even a win is 2-3 years down the road but a big win for sector.
Their digital exploded in Q1. Up 57% from
$32M to
$50M. That’s all organic growth. CEO said February better than January, March better than February and April better than March. That means first month of Q2 started strong as well.
CEO is investment broker. He’s cleaning up balance sheet. These are non-cash writeoffs and can be used to not pay taxes on asset or spectrum sales later. These guys had over
$200M in nol’s before the spectrum auction and paid no taxes.
Cleaning up balance sheet mind indicate company for sale as well. Why take a
$28M hit selling two tv stations and only getting
$2M cash. Makes no sense.