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Gannett Co., Inc. (GCI) Message Board

  • trade_ster trade_ster Feb 7, 2011 12:24 PM Flag

    What's going on with Gannett?

     

    I do believe it could be short covering but why now?

    Any news?

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    • The rise up to near $19....and plunge back to $17 and change is not a good sign. It got short term frothy. Still puzzled by the market's reaction to the earnings report, but lets face it, stocks can trade within reasonable ranges, and still be considered fairly valued. I believe, ultimately, the Street looked at the bottom line results, and took that at face value. But as it stands now, unless ad revenues start growing again, this is likely to be only an average, or perhaps somewhat above average, performer, for the next year.

      Ad revenues should NOT still be shrinking like they are. I take that, at this point, as a serious sign, that compromises estimates of long term value. (I'm not convinced that we'll be in more than a position of flattish revenues now, in the best years of this current economic recovery.) It's going to be tough out there...much tougher than I thought it was going to be, a year ago. That makes me sad, because I LOVE newspapers, and newspaper companies (especially physical PRINT), but, I guess I have to accept things.

      LEE is the best buy in this sector....by far. I've got the vast bulk of my firepower there now.

      • 2 Replies to longtimefollower
      • The market started to apply the huff valuation to GCI but then realized that GCI would have to be $50+++ for that.. GCI gets 20% of revs from online and growing.

        Print media is on fire right now as ad spends are waaaayy up from 4q. My and your original thesis was to be long thru 2011 all these news paper stocks as the economic backdrop normalized.

        IPAD will make up the losses in print easily over the next 3 years

 
GCI
12.65-0.18(-1.40%)Jul 31 4:02 PMEDT