Recent

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

Lee Enterprises, Incorporated Message Board

  • Sold 65 percent of his common shares

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • aksarben1@ymail.com aksarben1 Nov 18, 2012 12:32 PM Flag

      Berkshire Hathaway sold its shares. WB has said many times that most companies in the stock market are too small to be in his universe of companies that he considers. So it's entirely possible that Lee common stock was a Ted Weschler pick, since Ted has had an interest in newspapers. WB in a recent interview said that Ted sells stocks a lot quicker than he does, but it's just a different style of investing.

      WB does look at companies like Lee in order to acquire the entire company, but not to own shares of the common stock.

      Finally, I should point out that if a person bought Lee stock only as a way to try to front-run Warren Buffett, then they do not deserve success in this investment. You should own Lee shares because you did the research and due diligence.

      In my opinion, Lee is worth a billion dollars (i.e., the enterprise value), and as it pays off the debt over time, the value of the market cap of the common stock will rise to that level. It could take a decade or more, but I'm patient. So if the news ever came out that Buffett has bought the company for even as much #$%$ a share, I'll be very sad to hear that, because I think sometime in the next 10 years it will hit $20 a share.

      • 2 Replies to aksarben1
      • aksar,

        "Finally, I should point out that if a person bought Lee stock only as a way to try to front-run Warren Buffett, then they do not deserve success in this investment. You should own Lee shares because you did the research and due diligence."

        - I have been here for the better part of two years, i am confident in saying that i have done far more DD than the average person here. I also only took a position "front-running WEB". Without WEB or a similar suitor LEE common is toast. The debt has a very short maturity and when it comes due the debt holders will pillage LEE in yet another round....as they have done several times now. I agree about doing DD, but from my perspective.....the "frontrunners" are the only ones that "deserve it" as anyone purely long is betting on hope and clearly hasn't done the requisite DD.

        "In my opinion, Lee is worth a billion dollars (i.e., the enterprise value), and as it pays off the debt over time, the value of the market cap of the common stock will rise to that level. It could take a decade or more, but I'm patient. So if the news ever came out that Buffett has bought the company for even as much #$%$ a share, I'll be very sad to hear that, because I think sometime in the next 10 years it will hit $20 a share."

        - First, you are dreaming with a $20 PPS target. Second, it is clear that you don't know what "enterprise value" means.......a large enterprise value is NOT a good thing for a value investor. There was another poster here a year ago that was saying the same thing......look up enterprise value and ask yourself if you would prefer a $1B enterprise value......or a $1M enterprise value.

      • the only way LEE hits 20 in the next 10 years is if the company has an at least 15 for 1 reverse split.

        Sentiment: Sell

 
LEE
2.945+0.005(+0.17%)11:12 AMEDT