Some institution must be in the process of unloading a large position. Current $13.25 price is not justified, relative to the rest of the industry, and the rebound we've seen in stocks (i.e. LEE).I tend to feel the "right" trading range for GCI right now is $15-16...not $13-14.I will redeploy some of my XJT gains today into buying more GCI.
I agree and it is the NO JOB'S outlook that is hurting us right now. This stock on Friday going down if the number is a miss.
The stock was in $90 range when it earned $4-$5 per year and paying $1.60 div back in 2007-2008.Now it is $13 stock when it earned $2.3 year and paying $0.16 div. It will be back to $20 in few months.