Bank of America Capital sold roughly a million dollar’s worth of Cumulus stock on Monday, just as several Security advisory firms just started touting Cumulus Nedia stock as something you should want to buy
Meanwhile Lew Dickey recently gave himself 4.6 million 10 year CMLS stock options exercisable at $5.92 a share
The stock closed on Tuesday at $7.65 a share which means Lew basically gave himself $10 million of stockholder equity. Isn’t capitalism great?
I wonder how much Cumulus stock Opie and Anthony bought? They were given $100,000 worth each before…and by the time they left the company, it was worthless.
I need to check and make sure none of those dam mutual funds in my 401K don’t have any ‘Cumulost’ .
parrott
Mutual funds typically have rules limiting the fund manager from investing too much (typically 5% or less) in any single stock. I wouldn’t lose any sleep over that unless it’s a morality issue.
Here is the list of institutional owners:
http://www.nasdaq.com/symbol/cmls/institutional-holdings
About 3/4 of the common stock is held by institutional investors, and most of that by private equity firms. The entity with the most equity (about 1/3 of the company) is called Crestview…
http://www.nasdaq.com/quotes/institutional-portfolio/crestview-partners-ii-gp-lp-841228
Their other major holding in publicly traded companies is Charter Cable – however, most of their money is invested in Healthcare.
http://www.crestview.com/team.html
If you look at the management team, you’ll see all the connections you would expect – Harvard MBAs, Council on Foreign Relations, UC Berkeley, Bank of America, Goldman Sachs, ect
Cool, thanks Art, I won’t then. Listening to the Hawk tonight, sippin on some Jim Beam. He’s only on from 7pm to 8pm on thursday and fridays. Live tonight, its a wild ride. Savage on Steroids.
He reads some stuff from the Bible and mixes it with ‘The Bourne Identity’ , TR3b’s and some Obo Luciferian stuff.
Hard core
parrott
That’s the Luciferian Party. đŸ˜‰