Asstronuts
$IHRT revisiting here haven’t been over a year. This is a tricky one. Is it being sold or going bankrupt.
Their yearly revs are same as their debt which is bad from a book level. However still losing $400M a year which is about their massive interest bill equivalent is not good. Mkt cap is under what they current lose.
How do you do like 3-4B a year yet lose 400m. Flawed model or are their reasons for the loss (gaining assets of some kind or prolonging profits for tax benefit). Hard to know what’s up and down here. May have been too rich for $SIRI. They know they can wait and pick the bones later anyway time is their friend but not so much a friend to $IHRT
Tick tock
Easy double or easy 0 🧐
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