Good update! Sounds like its mostly due to significantly cutting advertising budget and deciding to reduce the amount spent on local sport content dramatically.
there hasn’t actually been any change in revenue, its all about cutting expenses to the bone.
Sounds like a PE tactic before a sale!
Originally Posted by winner69
OMG …she said marks a positive inflection point for the business,
Awesome …..hope it means more than OCA’s inflection point
Even on a lousy EV/EBITDA of, say, 3.0x this is at least $1.00 per share undervalued. And, that's parking any consideration of what happens with the funds from the property sale.
I know only part of the way there but happy for you holders (& particularly those LT holders who put their money where they mouth was and bought more) & hope you get some well deserved upword action. I feel a bit excited by it all and I'm not even a holder! and to think I used to just come to this thread for Ogg's mean memes
Bookmarks