good post. without Scripps, JRN goes dead in the water. PPS will plummet.
here is a portion of the Feb 8th recommendation of The Street......
We rate JOURNAL COMMUNICATIONS INC (JRN) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has
had somewhat disappointing return on equity.
JRN's revenue growth has slightly outpaced the industry average of 7.3%. Since the same quarter one year prior, revenues slightly increased by 8.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust.
Sentiment: Strong Buy
well, i for one would like him to buy back. 80% of MAIN outstanding shares are owned by individual investors, not institutions.
also, it is very very good to hear from sellers vs. just buyers or holders. group think is not good and is why those stock clubs of old dried up due to their documented overall poor performance. we don't want to just hear from pumpers, shills, and the like. need to hear and see both sides of the coin. don't ever want to from just advocates looking for others to reinforce their paradigms
hopefully mphayman comes back and buys in strong. hope you increase your position. hope others follow suit. by the by, he did raise a valid issue.
thx for the info. interesting.
am thinking those blocks coming from an institutional buyer(s). a good sign. overdue.
we individual buyers have to try to always be there before the institional buyers get there whether it be selling or buying. same goes for the joke analysts which, like it or not, have a huge impact on shareprice.
IMO (which of late means little) FLY very undervalued and oversold. P/E reflects that and is also a reason for over inflated dividend and yield. still, it's all about Mr Market and metrics seemingly mean little in today's markets.
good fortune to us little people....
Sentiment: Strong Buy
haven't owned mutual funds since i rolled 401K into self directed Roth IRA. however, my record over the last 8 trading days is abysmal as i underperform the DJI consistently in that time. i would have been better off in a fund and am going to have to do some soul searching. i am more a trader than investor and haven't performed well lately and - it's all about lately, not months ago....
thought green and gold meant GB Packers.
i hold MAIN and it's a sizable position within my portfolio. i recently sold some off and bought into ARCC. they are the 2 BDS's i hold and, with BDC performance the last 12 months, i am glad of it. also don't like paying high taxes with MAIN when they're treated by IRS as straight income tax. another beating.
i am hoping the hits to PSEC and now FSC are not endemic to the sector as once again, the BDC sector took a hit on an up day in the markets. they've radically underperformed the market in general and capital losses not covered by high yields. seems to be the trend since the Russell and S&P gave BDC's the boot.
FSC looks like it is still searching for some support and will be interesting to see its bottom.
what is your take on ARCC?
bad earnings, downgrade, cut dividends. bad day with that BDC. selloff at 10 times avg volume. PPS down nearly 15% at the bell.
here is an excerpt from a Feb 6th Zack's article for FSC ahead of today's earnings report there. just goes to show....
"Given that FSC has a Zacks Rank #1 (Strong Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Fifth Street Finance, and that a beat might be in the cards for the upcoming report."
Cramer is a health nut. he lets that bias him. he doesn't like tobacco stocks or fast food companies. he likes Whole Foods and that sort. obviously, (other than McD) wall street doesn't share his views when it comes to future stock performance.
ok, i'll try it. they've proven to be the best product in the fast food business. only Hardee's has them one up with their natrl ice cream malts. the only 2 i ever visit anymore.
boy, your Badgers BB is something else this year. final 4 again?
kinda like the stock performance the last few months too....
don't hold your breath on a split. expect ED, and all other utilities and REITs, to begin to decline in value. last couple trading days horrific for sector and that beating will continue all the way thru Fed announcement on interest rates. right now, speculation is pulling them all down - significantly.
i expected to see the earnings release on the 4th. phoned investor relations at PLOW and was told Q4 earnings release scheduled for March 4th. odd. Q3 release was Nov. 3rd. guess we wait a bit but that should be to our advantage as we should get a nice kick from the Henderson acquisition.
thought you may like this tidbit hgl...
found out that Toro purchased Boss snowplow business from Northern Star 3 months ago. they paid cash...!
immediately sold off more AAPL and bought into TTC and now an equal market investment between PLOW and TTC. this helps me reconcile my observations in seeing more new Boss plows (by far) out on the road than Western/Blizzard. yield much less but i'm expecting a boost to the TTC PPS come their next couple Q's. they were doing well before the purchase, hence the cash deal.
still plan on keeping PLOW position at least thru next couple Q's. earnings oughta be stellar.
an interesting conversation with the guy i spoke to in investor relations at PLOW. he lives in Wisconsin and said he also observed more new Boss on the road in Wisconsin. that is PLOW's backyard. Northern Star Boss business HQ'ed in MI.
will be fun to track the comparison between PLOW and TTC. altho a light trading day for PLOW, a very nice gain to shareprice. i bet we see more of that coming.
thought you might be interested in TTC. Plenty of room left....
Great purchase and very timely. i also have a large position with Douglas Dynamics (PLOW). Both Boss and PLOW are the 2 largest players in the snowplow business. altho not too big on Toro, the Boss purchase from Northern Star Ind is a terrific deal. that will push TTC earnings and revenue. a cash purchase? nice...
not too good a yield here but i am counting on seeing great capital gains via earnings push to PPS.
Sentiment: Strong Buy
i too am also big on the merger. so is Mr. Market. with the Scripps marriage in mind, JRN is a good play and PPS will reflect that. i got back into JRN this last time at 10.71 PPS and expect that to begin paying off post upcoming earnings release for Q4 early this March.
all these other posts we see here on this board that attack the merger and JRN appear to be ex-employees. a lot of bitterness and probably well founded. nonetheless, time to move on and make something of what's out there now and in the future.
good fortune to you....