Aug. 8 at 12:05 PM
$EVC i’ve been trading this stock for over two decades. I have booked at least
$2 million in profits over that time. It’s been one of my favorites. However, the two founding families have sold millions of shares at an average of nine dollars to
$10 a share over the last few months. I just saw yesterday where the largest holder has dumped 4.4 million shares in the third largest holder, blackrock dumped about 1.8 million shares. An analyst sent me a report a few days ago saying that their largest digital customer represented 35% of that business up from 9% the previous year. Their contract with Univision is also up at the end of this year and no word yet on renewal. Univision is already screwing them over with Entravision getting the lowest net re-transmission in the sector. Those of us that have traded this over the years remember all the disasters, including the most recent when Facebook and Meta took away all their business and the stock crashed. Too many possible net outcomes here.
