Why can't you earn a return on your assets, and an operating margin on your sales, like LEE, MNI, and GCI. You complacent loser. You're using the company's strong financial position to run a CHARITY.
The board should FIRE Decherd. He's a failed manager. This company's inability to make a profit from operations, when it has the strongest balance sheet in the business, makes Decherd an utter laughingstock. I hate the way he runs this thing with an iron fist. Make no mistake: in his mind, this is "Decherd's company"...not the shareholders'. And the board is totally out to lunch. They think the cash position justifies letting Decherd "have his sordid way" with this thing.
No position....but I'd pay $3, or maybe somewhat higher...as a "swing trade." For the asset value.