IB Net Payout Yields Model

iHeartMedia: Thesis Intact

Update - July 10, 2023

The big iHeartMedia rebound continues with another 8% gain today. The stock appears set for a gap close to $7. 

Finviz Chart

Original article posted on June 2 

  • iHeartMedia, Inc. reported a weak Q1 2023, but the key adjusted EBITDA number beat guidance.
  • The media company grew crucial podcast revenue at a 12% clip despite the tough ad market.
  • iHeartMedia stock is priced for an economic collapse, while the company has been busy buying their debt at a discount.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 

The advertising market has been tough in the last year, but the bullish investment thesis in iHeartMedia, Inc. (NASDAQ:IHRT) remains intact. In fact, the stock has fallen all the way to $2.50 despite the company

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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