tech huge pull back

Arbitron Inc. said its board authorized the company to buy back up to $200 million of common shares. The radio rating company said as of Oct. 31, it has about 28.2 million shares outstanding.

Shares of Arbitron Inc. tumbled on Tuesday after the radio ratings company said it would delay the rollout of a controversial new electronic audience measurement system in nine markets, giving in to pressure from broadcasters who said the data wasn't reliable.

The stock has a forward PE of 23.

old dogs

Bought a year ago, a Magic Formula pick. Like ARB particularly because of its upside growth potential from two new developments, the People Meter system of measuring radio listeners, and the Apollo Project, a breakthrough strategy for market research. As these two new products come on line, ARB's top line should grow fast. At this point it appears that most of the resistance to People Meter (Clear Channel has been fighting it) appears to have died down, and the rollout should begin to gather steam. Know less about Apollo rollout plans.

Upgraded by Bear Stearns from Peer Perform to Outperform

Downgraded by Bear Stearns from Outperform to Peer Perform

Downgraded by Bear Stearns from Outperform to Peer Perform

Downgraded by CL King from Accumulate to Neutral