Salem Media
 
Entry/Exit Point                                                                                IN at 4.64
                                                                                                            SELL at 5.00
 
52Wk Hi/Lo                                                                                       3.90 – 8.25
           
P/E                                                                                                      22.86
 
Profitable or string of losses?                                                           Positive until most recent Q
 
Current Ratio                                                                        0.89 (bad)      
- Current Assets divided by Current Liabilities
- Rule of Thumb: 2 is considered adequate for manufacturers    
 
LT Debt as a percent of capitalization                                            55%
- LT Debt / LT Debt + OE on balance sheet
 
Interest Coverage Ratio                                                                   1.1                                          
- EBIT / I
- Rule of Thumb for Safety:  3-4
 
Insider Activity                                                                                  buying at $4-7
 
Short Interest                                                                                    1.18%
 
Dividend                                                                                             5.7%
 
News Headlines                                                                                 no news
- Google News
- Seeking Alpha
- ProQuest (1 year)
 
Most recent earnings press release
Nov 17: swung to small loss Q3, revenue down 8%
            broadcast, digital, and publishing all down
            loss-making magazines eliminated
            guided lower for the year 1-3%
            down to $6.8M cash


 
Bottom Line
weak current financial condition, but profitable most of the time.
equivalent risk to Pandora which is solid on current basis but heavily indebted.
a culture at Salem of looking after SHs (insider buying, hi dividend, low shorts)
This is OK for short-term trading.