I have been in now since $6 and I can't believe how this stock just goes up 5% every day.
Trying to figure out where this can go. Looking at the earnings, it looks like they decline about 20% every year for the last 5 years or so (more this year, but because of the economy of course). What P/E is good for that? Is 20x ok?
I think the market just keeps going up so probably GCI does too, but when the music stops where will this stock go? I know everyone on this post board will get out of the thing before it crashes, but I need some help.
My valuation of Gannett currently is $61.43/share. I am a value investor consulting for several small funds. Nothing has changed for this company except 2 things: investors are dogging newspaper related companies more than ever before, and Gannett's goodwill has been lopped off substantially. Not sure if their electronic business will continue growing so quickly. People think it's going to continue growing at a rapid pace and that they're going to be bigger than Google. This is why it's already being value so high. This people are a little bit early to the race. But yeah intrinsic value is much higher but only if they continue showing growth in electronic business.