46 daily newspapers and a joint interest in four others, rapidly growing digital products and nearly 300 specialty publications in 22 states, a circulation of 1.0 million daily and 1.3 million Sunday, reaching over three million readers in print alone...markets include St. Louis, MO; Lincoln, NE; Madison, WI; Davenport, IA; Billings, MT; Bloomington, IL; and Tucson, AZ. L
Their basic earnings on their consolidated statement of operations was 36 cents per share vs 22 cents per share in the previous quarter.(vs 3 cents per share a year ago).
The downgrades are unwarranted and will prove to be short-lived.
- Net income of $67.6 million, an increase of $70.8 million to the prior year
- Total revenues of $1,195.8 million, an increase of 83.3% to prior year, and a decrease of 3.9% on a same store basis*
- Digital revenue of $106.9 million, an increase of 10.7% on a same store basis*
- Operating income of $103.4 million, an increase of $77.1 million to prior year
- As Adjusted EBITDA of $162.1 million, an increase of 81.2% to prior year*
- Free cash flow of $128.0 million, or $2.89 per basic share, an increase of 36.8% per share to prior year*
-Free cash flow and free cash flow per basic share of $170.8 million and $3.86, respectively, including the gain from the sale of Las Vegas*
DOWN 24%. NUTS!
"Our results for the quarter were negatively affected by an incident that damaged a section of one of our converting lines, which restricted production in the face of strong open orders, causing a reduction in sales in the quarter. This is an insured incident which we believe will result in an approximate $1.0 million claim, or $0.06 per share, related to these lost sales under our business interruption insurance, which has not been included in our 2015 results."
Do you have the nerve to tell utg investors that they should welcome this 126 million loss of their money. You take utg investors for being passive sheep ready to be preyed upon by the wolves you adore. There is no way to spin monthly action in utg unless you are a short or a beneficiary of the added 3.5 million in commissions.
in one month? A 2 million dollar Christmas bonus. AND INVESTORS THINK THEY GOT A DEAL BY GETTING A 5% DISCOUNT AFTER LOSING OVER A HUNDRED MILLION !
First of all 1.71 % disappears for expenses. Then they buy stocks that could easily decline because of rising interest rates. You have already seen that one month's of their management wiped out 2.5 years of monthly interest. That's 30 months of monthly dribbles wiped out by the rights offering. THEY SHOULD CANCEL THE RIGHTS OFFERING IMMEDIATELY AND START MANAGING WHAT THEY HAVE PROPERLY!
From November 9, the XLU (Utilities Select Sector) is down ,0082 % while UTG is down 15.2%. They made a mess of a solid utility fund by their greed to increase their management fees.
since rights and management is 2 million plus to their fees. What a travesty!