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Journal Communications Inc. Message Board

  • crash101699 crash101699 Jul 22, 2005 2:14 AM Flag

    Dumping Shares?

    Why did Journal Communications think that buying 5 million "A" shares over an 18 month period to keep the price up, is better than buying employee "B" shares for those of us who needed to reduce or payoff our loans? If they had bought these �B� shares then they would have accomplished their mission of keeping the price up because not so many shares were going to flood the open market driving the price down. Seems to me they really aren't focused about the needs of their own employee stockholders.

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    • What is the other site that I need to get invited to? And what is so special about it?

    • might as well sell them, they can't even support or bill their sister companies correctly.

    • Sorry John,

      Please jrndog@yahoo


      the dog

    • I sent you an e-mail and it was returned undelivered. send another address that works to my identity here

    • I couldn't agree more with this assestment and others previously which has documented the poor performance of this management team. Look at their record of performance during their tenure when we were a private company. Our anemic growth forced the desperate move to go public and what has the last 1.75 years shown, but an even worse performance record.

      The only way for the stock price to increase is for JCI to be acquired and that is not going to happen with the current management team and board. We need to replace the current management team with individuals with experience in running a public company. Why haven't we sold off Norlight, IPC and PrimeNet? We're not players in those markets and will never be. The only reason we keep those is because of cash flow, which may have been a good reason when we were a private company, but not anymore.

      The only thing that our B shares may be good for is to back a movement that removes the current management team. Years ago, Christopher Shaw tried unsuccessfully to attempt to buy the Journal for an anonymous client. Although he failed, the result was a 50% ramp up in the stock price. Outside pressure works. Shareholder movments at Morgan Stanley resulted in the CEO and his board members being removed. It also caused changes at Disney. This management has proven they aren't capable of growing the company and our stock price.

    • hegge,you from Norway?Take a look at Donnley.They bought Perry.Same story.As far as Smith our votes dont mean anything.

    • Thanks guys.I was thinking Norlight because of the talk I had with MS They said, that Norlight would have to be sold before anyone would think about buying JRN.I really didnt understand the reasoning for that.

    • "...Seems to me they really aren't focused about the needs of their own employee stockholders."

      Let�s see, let me count the ways.

      Try to grow too big by buying crappy companies; ruin earnings, thereby ruining the almost guaranteed price increase in the price of units. Those actions, among others, eventually causing the collapse of the employee stock program, due to lack of buyers.

      Taking the company public.

      Eliminate pensions for new employees.

      Punish all early retirees by placing them in a separate health plan, with separate premiums that are skyrocketing.

      Raise health premiums & out-of-pockets so high they are causing hardships among some current employees.

      Generally ruin morale among current employees by forgetting that it was employees that made this a once-great company.

      Treat your retirees like crap. Word gets back to current employees.

      Hire too many vice-presidents. OK, that one is subjective, but in mind still true!!

      As always, just my opinion and they are in no particular order. It is more a cumulative effect.

11.16+0.15(+1.36%)Dec 18 4:02 PMEST

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