With its stock at closing prices last seen three years ago, a strong Beasley Broadcast Group first-quarter earnings performance was viewed by some as a potential catalyst for bringing the radio company’s shares back toward its 1-year target estimate of $6.
Perhaps now is a good time to invest in a potential bargain stock.
The lone blemish seen in Beasley’s Q1 2019 earnings, released early Monday morning (4/29), was this: Free Cash Flow plummeted and shifted to a loss, thanks to ballooning expenses.
Otherwise, it was a strong Q1 for the company, which swung from a quarterly net loss in 2018.