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Gannett Co., Inc. (GCI) Message Board

  • upthedivy upthedivy Jul 22, 2014 5:17 PM Flag

    Excellent 2nd Quarter Earnings

    Great quarter, great guidance, and a very nice stock pop. Longs can feel comfortable with this one.

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    • Agreed. There will likely be a payday for longs sometime in the next 12 to 18 months when the company announces (as I believe it will) a split of the print and broadcast businesses as News Corp. has done and as Tribune company is scheduled to do. Then again, the GCI CEO said this week, in answer to an analyst’s question, that some newspapers are for sale. In that case, longs will benefit from the cash infusion, though I believe the aforementioned split is the more likely outcome for most of the print properties. Then there are the digital properties, which include Careerbuilder. Plus the dividend, which pays us to wait. And I believe management is truly focused on shareholder value and not simply spouting platitudes. The GCI future looks brighter for longs than it has any time since the Great Recession. The value here as we sit today could very well be $45 to $50.

      Sentiment: Hold

 
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34.77+0.45(+1.31%)May 1 4:03 PMEDT