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Gannett Co., Inc. (GCI) Message Board

  • longtimefollower longtimefollower Sep 22, 2010 12:22 PM Flag

    I'm buying today.

    Increased my position 30% or so...mainly buying back shares at a similar price I sold them at, a few weeks ago, owing to margin calls back then, and a sense that support for the stock was failing.

    I see the refi as better news, and more important news, than the poor revenue numbers coming out of NYT. The only think GCI needs at this point, is TIME (the cash flows are just so enormous), and we just got that today.

    This is a $25-30 stock in 12-18 months. They will be essentially DEBT FREE in 3 years...if they want to be.

 
GCI
31.70-0.09(-0.28%)Jul 11 4:04 PMEDT

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