This small cap stock which I am heavily invested in has been experiencing high growth and is still undervalued.
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This stock is Cumulus Media (CMLS). Even though the stock is a radio company, they have a hidden asset inside their digital network business. Their podcasting company is growing 50% year over year and this growth is not expected to slow down anytime soon. The company owns popular podcasts like Ben Shapiro Show and more.
In addition, This company will benefit massively from sports betting stocks like draftkings stock and penn stock since CMLS owns the rights to broadcast NFL games. This advertising category will be a huge revenue driver in the years to come.
Finally, the company is as healthy as ever, reducing net debt again to down under $700 million. Even though there is still a lot of debt on the balance sheet, they company has been rapidly deleveraging and should have much less debt 2-3 years from now.
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Our favorite Growth Stocks have been CRASHING! I believe we're about to see these stocks have an extremely BULLISH June thanks to the upcoming Russell Reconstitution. Hedge Funds, ETFs, and Mutual Funds will be forced to go LONG on millions of shares of our favorite companies like: CLSK Stock (CleanSpark), PLTR Stock (Palantir), BNGO Stock (Bionano Genomics), etc.
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