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

Lee Enterprises, Incorporated Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Jan 21, 2011 2:11 PM Flag

    pj update


    Yeah, they're sneaky, all right (the buyers in the upper $2.90's). They probably cackle and twirl their mustaches as they buy shares from clueless sellers.

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

      Maybe im just hoping but a company that can payoff 100 m in debt in a year ought to be worth more that 135 m.

      • 1 Reply to daytimeeffect
      • This is the exact part of the release from their website that has me thinking this is undervalued.

        Debt was reduced $29.7 million in the quarter, compared with $7.1 million in the prior year quarter. Debt, net
        of changes in cash, has been reduced $111.4 million in the last 12 months.
        Carl Schmidt, vice president, chief financial officer and treasurer, said Lee remains in compliance with
        financial covenants and expects to continue repaying debt primarily with ongoing cash flow. Liquidity(5) at the
        end of the quarter totaled $103.8 million, which is comparable to the September 2010 level, and compares to
        $82.0 million of debt repayments due in the next four quarters.
        Free cash flow totaled $41.1 million for the quarter, an 18.4 percent increase from $34.7 million a year ago.
        Free cash flow in the last 12 months totaled $110.6 million."

        They keep paying down debt, which hopefully in turn should end up as $ in the shareholders pocket (at some point down the road).

2.89-0.02(-0.69%)Oct 21 4:02 PMEDT