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The McClatchy Company Message Board

  • longtimefollower longtimefollower Feb 8, 2013 2:43 AM Flag

    Numbers do not look good.

    Guidance for no significant cost cutting, while revenues continue to shrink, is a recipe for materially declining cash flows, going forward.

    I'm not playing the stock long unless it drops back to $2.0x....and then only for a trade.

    Sentiment: Sell

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    • Longtime, I have to agree with you, the revenue slide was worse than we measured but still the rate of decline is flattening. This company has so much debt with so little free cash flow at this point that these interest charges and debt related issues continue to weigh heavily.

      The paywall gain is minimal compared to the loss in preprint revenue, and their online gains are lower than almost any other media company focusing on online revenue growth. I too am waiting for $2 or lower before buying more, have no shares now and really little interest in this one.

    • LEE looks so much better than this one, right now. I can see MNI trading down to $2.50, near term.....and LEE trading up to $1.40-1.50.

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