Best Radio Stocks to buy 2011

Best Radio Stocks to buy 2011 : CBS grew nearly 50%, from the year’s first day of trading on January 3 to last Thursday, June 30. Fisher posted a nice six-month gain of 27%, despite a shareholder vote that placed two reps of a dissident group on the board. Radio One was up 42%. Saga was another stock that, like CBS, gained nearly 50% in the first six months.

But for many stocks, there was a June jinx, as you’re about to see – many companies in the group fell to their year-to-date lows in June. As we begin the second half of 2011 with a sluggish economy and some pullbacks in predictions for advertising, let’s take a Janus-like glance back at the first half of 2011 for the radio-connected stocks tracked by TRI –

Arbitron (NYSE:ARB)
Started the year at $42.72, hit $44.44 on February 8, dropped to $35.28 on April 19, and closed on June 30 at $41.33. Still, if you peek back a full 12 months, you see that Arbitron’s ahead significantly from the $25.59 level of mid-year 2010. It’s got a filing cabinet-full of long-term deals with its radio customers (historically about 90% of total revenue), and Nielsen’s no longer even a potential competitor.

Beasley (NASDAQ:BBGI)
Began 2011 at $6.03 a share, set a year-to-date high of $8.53 on April 4, a low of $3.64 on June 15 – the June jinx – and closed on June 30 at $4.21.

CBS (NYSE:CBS)
Chugged very steadily from $19.28 on January 3 to $28.49. Result – a roughly 50% gain, so far this year. Les Moonves and his boss Sumner Redstone should be beaming. The TV business is very healthy and CBS Radio throws off abundant cash flow. Les should be in for another rich paycheck at year-end, including bonuses.

Cumulus (NASDAQ:CMLS)
Had an eventful six months, including the final decision to fold in the private Cumulus Media Partners (the former Susquehanna Radio) and the $2.4 billion acquisition of Citadel. Cumulus began 2011 at $4.55, set a year-to-date low of $3.40 on June 23, and finished June 30 at $3.50.

Emmis (NASDAQ:EMMS)
Started 2011 at 81 cents a share, floated to a high of $1.38 just 10 days later, then closed out the second quarter at $1.10. Part of that is on the news of selling its two Chicago FMs plus New York’s WRXP-FM for $110 million or more.

Entercom (NYSE:ETM)
The stock sat at $11.82 on January 3, hit $13.20 on February 25, dropped to a low of $7.95 on June 13, finished on June 30 at $8.68. Exactly a year ago, Entercom stock was at $8.45.

Entravision (NYSE:EVC)
The Spanish media operator closed at $2.55 a share on the first day of 2011 trading, set a high of $2.75 in April, a low of $1.80 on June 28 – there’s that June jinx again – and had gained a nickel to $1.85 on June 30.

Fisher Communications (NASDAQ:FSCI)
It had trouble with shareholders, but finished out Q2 with a gain. Fisher opened the year at $23.45, reached a high of $31.87 in early April, then ended the first half at $29.82.

Journal Communications (NYSE:JRN)
The broadcast/newspaper/printing operation traded in a narrow range and ended the first half of 2011 pretty much where it began. It started out at $5.03, reached $6.15 on February 25, and closed June 30 at $5.17.

Pandora (NYSE:P)
Debuted June 15 with a pricing by the underwriters of $16, got razzed for sliding to $12.16 – but closed out the month on Thursday at $18.94 and did even better on Friday, with a closing-bell price of $19.99. This IPO’s not broken.

Radio One (NASDAQ:ROIA)
Opened the year at $1.21, touched $3.05 a couple of times in early May, and finished Q2 at $1.71, up 50 cents.

Salem Communications (NASDAQ:SALM)
The Christian and conservative talk specialist opened the year at $3.12 a share, set a high of $4.33 on March 2, and finished out the first half at $3.55 – up 43 cents, year to date.

Spanish Broadcasting System (NASDAQ:SBSA)
Staying above the NASDAQ-minimum of $1 a share has been a struggle, necessitating shareholder approval for a reverse stock split that hasn’t happened yet. Raul Alarcon’s company opened the year at 83 cents, made it to $1.09 on March 9, sank to 59 cents on June 13, and finished at 69 cents. The reverse stock split could be anywhere between 1-for-5 and 1-for-10.

Saga Communications (AMEX:SGA)
a nice climb, year to date, with a retrenchment in May. Saga opened at $25.15, hit $38.96 on April 14, and finished at $37.00

Sirius XM (NASDAQ:SIRI)
A rally in May helped Sirius XM considerably. It opened the year at $1.69, hit $2.34 on May 26 and finished at $2.19. Often one of the NASDAQ’s most active stocks.

Westwood One (NASDAQ:WWON)
Opened up at $9.80 a share, made a low of $4.59 on June 23 and finished out at $5.16. On April 29, Westwood announced it had sold roughly half the company, the Metro Networks traffic/information division, to Clear Channel. That’s the already-completed $119.25 million deal that’s now being looked at by the DOJ.

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