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iHeartMedia, Inc.iHeartMedia, Inc.iHeartMedia, Inc.

iHeartMedia, Inc.

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IHRT trade ideas

possible IHS bottom for IHRT???Real simple analysis here, IHRT is a company that has been hit particularly hard due to the coronavirus. It needs to bounce now if it expects to keep its head above water. It is down roughly 70% from its price in March and I wouldn't be surprised to see this play out heading into earnings and continuing assuming earnings go smoothly next Thursday, April 30th. RSI looks good some positive divergence on the left shoulder and head. Certainly is a risky play given all the uncertainty but I see a lot of potential reward and a high probability of success in the short term.
NASDAQ:IHRTLong
by mac163537
3
IHRT Weathers Covid, But Will Return in Q3/Q4FOR EDUCATIONAL PURPOSES ONLY. INVESTING IS HIGH-RISK (ESPECIALLY RIGHT NOW). IHRT comes out of May 2019 bankruptcy and looks healthy: The company became profitable, flipped negative shareholder equity to positive, and it's currently trading at ~76.5% below analysts' fair market value ($30.28); Nearly all ratings are STRONG BUY. Healthy price-to-book ratio coming out of bankruptcy with forecast earnings to grow steadily through end of 2020 into 2024. Three-year ROE is forecast to be 10.4%. Debt to equity has strongly consolidated. Company leadership is taking a strong lead against Covid-19 by reducing executive salaries and temporarily furloughing employees. There is nothing uniquely threatening to the radio firm, and its industry is comparatively well-insulated against the pandemic. IHRT continues to perform and draw a larger audience with popular performers and digital events. IHRT's viewership is growing during this situation, and bar any other "unique disasters", there is no reason why IHRT will not rebound quickly in Q3/Q4. CEO Pittman says the company's originally forecasted expenses for 2020 centered heavily on real estate investment ($40m-$50m) as the firm looks to consolidate stations for radio broadcast. Most analysts agree the pandemic will crash the real estate market to some degree (especially commercial space) and it already has, providing potential opportunity for IHRT to affect its infrastructural planning with reduced expenses. As the pandemic takes hold and forecasts point to a months-long quarantine, podcasting also gets a boon. IHRT has taken a proactive approach to sponsoring and incorporating podcast media into its portfolio. Currently, IHRT supports around 1 million podcast shows. Nationally, podcast shows are up 27% from 2019. IHRT looks to stay in a holding pattern for the next 8-12 weeks while the U.S. tackles Covid-19. Strong support has been found above the $7.30 level. IMPORTANTLY, Covid-19 is violent and fast. If epidemiologists' models play out and trials also fail to identify a novel treatment within the next four weeks during the forecasted "viral peak", we could see a fall below the current support. Nonetheless, barring a market-wide crash, there is no reason why IHRT can't meet its pre-pandemic 30-day moving average of close to $18 by Q3/Q4.
NASDAQ:IHRTLong
by travis30460
I Heart Media - Do you?!Another senseless shelter pet here. The Corona virus didn't ruin this great company. Anyone notice how aggressive YouTube ads are getting? Many people will look elsewhere for 'free' entertainment. Many tradesman stream radio all day long and can't skip the ads--and they keep listening. Anyone account for retiring boomers with no savings? What's Netflix? Older folks and young alike still LOVE radio - many ads still being sold, this medium isn't going anywhere. Get your piece of the pie at silly low prices. Radio is old, proven--a robust form of communications--especially when the S##T hits the fan, a solid bet here on undying infrastructure. Full disclosure - Of course I am LONG. Buy and hold.
NASDAQ:IHRT
by scottybfx
1