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Journal Communications Inc. Message Board

  • crash101699 crash101699 Jun 10, 2005 10:45 PM Flag

    $.51???

    Well let�s see, September 24 2003. First day close - $16.25
    June 10th closing price - $16.76. I see we made $.51 in almost two years. I can remember when we made that or more a lot of times once a month as a private company. We have TV stations Radio stations and Newspapers are we using these good media sources to promote this stock? I don't live in Milwaukee does anyone ever hear the name Journal Communications there? I live in Michigan and nobody here knows the name unless you work at IPC. If people here don't know the name, what about the rest of the country? GET THE NAME OUT THERE AND START PROMOTING THIS STOCK!! If no one knows about the stock how can they buy?

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    • Check out the news on Gannett this morning.Not good.

    • Thanks for your kind words. However,my impression of the members of the Board of Directors is that they are more interested in maintaining the status quo than in doing what's best for the shareholders. According to the Journal Communications' website and annual report, five of the members (Meissner, Peirce, Tully, Davis and Newcomb)are retired. Then, there's Steve Smith. That leaves Drury and Stancek. Drury works for Poblocki Sign Company. According to the Poblocki website, Drury is the #2 man below a Poblocki family member. There is also another Poblocki family member just below Drury. The website says Drury has worked for several companies, so he may be serving on the JRN board so that he can pad his resume. Our best hope for an activist Director is Stancek. She seems to be the cream of the crop, as far as her professional credentials go. However, she works for Robert W. Baird, which receives millions of dollars in investment banking fees from JRN. Shareholders' best hope for a buyout is from the outside. Despite the well-publicized problems of media companies around the country, most are still strong generators of cash. Their stock prices have lanquished because they have very little internal growth. That means they are looking for acquisitions to boost their growth and, in turn, their stock prices. JRN is a perfect target because of its valuable franchises and low stock price. I read recently that shareholders of acquired companies make out much better when the takeover is hostile rather than friendly. That's because, generally, managements of companies being acquired in a hostile takeover are more interested in keeping their jobs than in doing what's best for the shareholders. If there is an executive of a big media company out there, please help us make some money from our investment in JRN.

    • Better yet...send them to the board of directors.

    • Good posts -- I wish these would be read by Smith and Kiel. What do you think about faxing copies to them? I know ... they probably have heard it all...but have they really? The blunders they make are incredible. Time to fix some things.

    • Q: What's going to happen to newspapers?

      A:I think they are going to get smaller. I think there are going to be fewer of them. I wish I had a better feeling about them. I know more and more people now who read them online. I've never understood the online phenomenon. I don't understand how you make any money beating yourself online, which is what we do too. I can't read a newspaper online. I've been guided by headlines and story play and all that kind of thing. I just think that means so much. I don't have a great feeling about the future of newspapers. They are certainly going to have to adapt to certain things.
      Q: Did any of your kids show interest in being newspaper reporters when they were growing up and if they did what did you tell them? What would you tell any of your grandchildren who may come to express interest in entering your profession?

      A: Don't. I'll be frank about this. It's not a very promising profession for young people, I don't think. I think newspapers are going to shrink. I think staffs are going to shrink. I think you are going to see more kind of utility players in media. In fact, they are even teaching that. People who can be on camera and who can write. If you are interested in writing and reporting, it's a tough go. None of my kids showed the least bit of interest in getting into newspapers. I'm grateful for that. It shows how smart their mother was.

    • JRN,With all due respect.WHY would anyone want to invest in a merger in a declining industry?Habits,are created early in life.How many people in thier 40s are buying a Newspaper?Take a look at the Increase in Classified Advertising done over the internet.Take a look at were people are looking for jobs,cars,and news.How about Travel plans.When was the last time JRN was near 20?Im no differant then anyone else on this board.Would love to see 20s.Trouble is its not justified.The market is telling us this with their charts.But its not just JRN.Its the industry.Also would you buy a company with another Lawsuit hanging over it.Who knows when this one will be resolved.

    • Pops,

      If JRN gets its act together, it very well could be a low 20's stock, positioned well for a buyout(merger).

      Let's say the TRB was the buyer. What is the major expense of JRN and TRB? Payroll! Any idea of how much payroll expense could be eliminated by combining the newspapers alone?

      Newspapers, Radio and TV are not going away.
      Yes young people are not reading or listening to TV and Radio and its become a very competitive market. However, the older one gets, the more these habits begin to develop.

      What are the short term plans of JRN? To stay independent or position themselves for buyout.

    • Why do you guys think JRN is a Low 20s stock.Take a look at the One year chart.Then take a look at the YTD Chart.Read the latest report from May.There is No Growth for JRN.Ive mentioned it before.Old Media Companies are a thing of the past.Just take a look at what your kids are doing.Do they ever read a Newspaper?Are they watching the 6 or 10 news?Do they watch NBC,CBS or ABC?Were do they get there Music from in there car?The 20s,I dont think we will see that for a long time.A buyout from someone else.WHY.

    • Angel,

      The companies you mentioned are great companies with great management. I agree JRN's management has never been in this league.

      The first principal for a potential suitor is to make sure the company being aquired is a fit with theirs. The second rule is to map a plan to ensure the aquistion will increase their cash flow and earnings. The third is to target a company that has an upward trend.

      Take a look at aquisitions made by the all the companies we both mentioned. You will see this pattern over and over.

      If you are looking for a suitor buying low, expect them to pay a low price, $15-$17 and simply break up the company to make a quick profit. Otherwise push for JRN to improve earnings which will increase the stock price to $20-$23, attracting mega-suitor's at $30-$35 a share. If earning improve and the stock gets near $20 a share you will see me jump in full tilt!

    • Dog,

      You mentioned some very good Milwaukee companies--Harley, M&I, Johnson Controls. You forgot to list MGIC, Joy Global, Kohls and Fiserv.....all great companies. JRN management is not in the same league as management from these companies. However, I disagree with you that a potential acquirer would wait until JRN's stock price rises to "pull the trigger." The first principle of business is to buy low and sell high. The lower JRN's stock price goes, the more attractive it becomes as an acquisition target. You mentioned the "Webcraft fiasco."That was the major blot on Tom McCollow's otherwise stellar record as chairman. Although McCollow "took me to the woodshed" a time or two, he was an effective CEO. (Maybe it was more than two?)

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9.99+0.14(+1.42%)Aug 21 4:04 PMEDT

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