As investors start fleeing into safe havens, Entercom Communications (ETM) has been hit extremely hard. The stock has been battered to levels not seen since 2008 despite reporting decent results in Q3 and Q4. We believe the current price represents a fantastic buying opportunity for a company that has strong cash flow and is executing well on its growth opportunities.
Opportunity
Recently, the spread of COVID-19, along with a massive drop in oil prices, sent investors rushing out of the riskiest assets - leveraged companies, unprofitable companies, etc. - into safe havens like