Since the trading price of Entercom (ETM) shares has declined about 66% over the past three weeks, I thought it would be pertinent to publish some brief information regarding a stress-test of the company’s debt load.
No one is able to predict the extent of the economic damage COVID-19 will cause before things return to normal; even government agencies are unsure. But, with the federal reserve now conducting a $700B quantitative easing program consisting of purchases of both treasuries and mortgages, shoring up the commercial paper market, and the White House floating a