Tue, Jan 27, 2015, 2:40 PM EST - U.S. Markets close in 1 hr 20 mins


% | $
Quotes you view appear here for quick access.

Investors Title Co. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Aug 5, 2010 12:24 AM Flag

    Second quarter report


    pmlljl, astral_tsar,

    (Too) much money I have been pouring into Gannett (GCI).


    market cap: $3.2 billion

    13 weeks ending 06/27/2010:

    operating revenues: $1,365,143,000
    operating income: $272,609,000
    income before income taxes: $234,988,000
    income from continuing operations: $185,588,000
    income from continuing operations attributable to Gannett: $175,165,000

    26 weeks ending 06/27/2010:
    net cash flow from operating activities: $441,419,000

    The dividend has been cut to 4 cents per share per quarter, but I have hope that it will get back to 40 cents if I am patient/stubborn.


    If you peek at the balance sheet, here is a consoling quotation:

    "The Company’s interest expense for the second quarter was $42 million and $86 million year-to-date, down 4% and 8% respectively. Total average outstanding debt for the second quarter was $2.8 billion in 2010 and $4.0 billion in 2009. For the year-to-date periods of 2010 and 2009, total average outstanding debt was $2.9 billion and $3.9 billion, respectively. The weighted average interest rate for total outstanding debt was 5.67% for the second quarter of 2010 compared to 4.13% last year and 5.53% year-to-date compared to 4.41% last year. Debt was reduced by $171 million during the quarter and $432 million year-to-date."

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • pj:

      I wish you luck with Gannett, but it is not for me. I have taken the pledge to avoid companies that have a large amount of intangible assets. I admit that they can work out but I do not know how to judge them. As warren Buffett might say they are out of my circle of competence.

69.67-1.81(-2.53%)2:20 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.