When the recession hit its hardest, radio company stocks were hitting historic lows in February, almost on a daily basis. As Wall Street has climbed back, so has the value of radio stocks. On February 11, Sirius XM (SIRI) could be bought for just 5 cents a share. It opened Tuesday at 60 cents. Shares of CBS (CBS) were $3.65 on April 1, and opened today at $13.90. Cumulus (CMLS) stock was worth 45 cents in July, and opened Tuesday at $2.29. Entercom (ETM) was an 89 cent stock on March 5, and was trading on Tuesday at $7.00. Journal Communications (JRN) shares plunged to 39 cents on March 11, but have rebounded to close Monday at $3.85. Radio One (ROIAK), Entravision (EVC) and Saga (SGA) have all rebounded from being penny stocks earlier this year. Of course, radio is still not out of the woods, as Citadel (CTDB.OB) filed for bankruptcy protection this month, Regent (RGCI) is facing Nasdaq delisting, and Westwood One (WWON) avoided NYSE delisting with a potential one-for-fifty share reverse stock split. You can view all of these stocks here. One poster on the “Business of Radio” Board of Radio-Info is more cautious: “There is no reason for such excitement.”