Want to buy a major national radio chain on the cheap? Bala Cynwyd's Entercom Communications (ETM), which operates 111 stations in 23 markets, ended the day at 56 cents per share, near its recent low of 52 cents. At one point in the past year, its shares were trading as high as $19.59.
At its current price, Entercom's market cap is a mere $21.2 million. Of course, you would also have to pick up about $1 billion of debt. Have fun making the payments.
Entercom's earnings report is due on November 6. They have recently announced cutbacks in some markets.
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