One day after Cumulus reported lackluster profits and missed expectations for the fourth quarter of 2014, more than 14 million Cumulus stock trades took place – the second heaviest trading day in 5 years.
At the end of the day yesterday, Cumulus stock lost 17% of its value and went even lower in after hours trading.
They know something. Numbers don’t lie.
Investors are the canary in the coalmine. Here’s is what they are telling us.
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- The big objection that triggered a more than 14 million stock trade yesterday. And it wasn’t just the bad results. Cumulus always posts bad results. It’s worse.
- What really happened to that non-family operations exec the Cumulus board wanted Lew to hire. Who in the radio industry was interviewed for the job?
- CBS CEO Les Moonves says he still likes radio suggesting he doesn’t want to sell and Dickey can’t come up with the billions it would take so the merger is off, right?
- Why did two CBS programmers just join Cumulus – career death wish or something else?
- Lew’s announcement Tuesday that Cumulus was going to announce some big hiring’s in the next 30 days was code for what he is really planning to do.
The answers start here.
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