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Lee Enterprises, Incorporated Message Board

pipbustergreen 4 posts  |  Last Activity: Jun 25, 2015 10:35 PM Member since: Nov 28, 2005
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  • pipbustergreen by pipbustergreen Jun 25, 2015 10:35 PM Flag

    Congratulations to the LEE management team and their employees on the repayment of the Pultizer Notes. Keep the ample cash flow coming so the debt continues to be reduced.

    Sentiment: Buy

  • Reply to


    by kjhhjks Jun 24, 2015 3:38 PM
    pipbustergreen pipbustergreen Jun 24, 2015 10:08 PM Flag

    Solutia is an example of a company going bankrupt and existing equity holders getting part of the new company with warrants. They went BK in 2003 and it took 5 years to deal with their legacy environmental exposures. They emerged in 2008 with old equity holders getting 1% of the new shares and warrants for 17% additional at a discount. Shares started to trade around $6/share. Eastman Chemical bought out Solutia in 2012 for about $28/share. I doubt the original holder got back to whole.

    Sentiment: Hold

  • pipbustergreen by pipbustergreen May 10, 2015 10:28 PM Flag

    HWCC certainly has had its recent results affected by the plunge of oil prices which has resulted from reduced CAPEX spending by companies in the oil sector. The oil sector makes up about 1/3 of all capital spending in the United States. But this recent sell off I believe is overdone and gives a good entry point from a long term investor perspective based upon Friday's close at $9.22//share. HWCC did earn $0.13/share in this recent quarter despite lower sales due to reduced capital spending. But I believe oil prices have already bottomed earlier in the first quarter, 2015 and I would not be surprised to see oil (WTI) back above $70/barrel by end of 2015 and above $90/barrel in 2016. As oil prices go back up, CAPEX spending will return and HWCC will be a beneficiary of increasing oil prices. I would not be surprised to see HWCC back above $13/share sometime in 2016, a 40%+ return. While you wait, the company is going to throw you a 5%+ dividend and will likely continue to buy in their own shares at these attractive prices, both shareholder friendly. I am a buyer at this price point and will likely be a long term holder of HWCC.

    Sentiment: Buy

  • pipbustergreen by pipbustergreen May 7, 2015 7:44 PM Flag

    LEE posted a profit of $0.02/share ex items in the FYQ2 quarter, not bad considering this is typically their weakest quarter of the year. Revenue actually were positive Y/Y at up 0.9% as subs and digital revenue offset the declines in print revenue. They were able to pay down another $20M in debt and the Pulitzer notes should be done being paid off before the end of the fiscal year allowing management to start paying down the high interest debt. If revenues are flat in the current quarter, I would expect LEE to earn between $0.10-0.15/share ex items and to peel off another $20M in debt reduction.

    Sentiment: Buy

2.30+0.04(+1.77%)Oct 9 4:02 PMEDT