should not be a winner in the longer term. Do the shorts really think that Americans are less likely to check their local print and online media in the US to find out what's going on in their local communities? Newm will again see $20 +.
NEWM is one of the largest publishers of locally based print and online media in the United States as measured by number of daily publications. It operates in over 415 markets across 31 states. Its portfolio of products, which includes 490 community publications, over 415 related websites, and six yellow pag directories, serves more than 175,000 business advertising accounts and reaches approximately 19 million people on a weekly basis.
The market capitalization is now fifty percent of backlog assuming $1.2 billion of orders were cancelled. The forward PE is 7 and the current price is 60% of book value.
paying 6.6%.or 161% more. than the THIRTY-YEAR US BONDS. This is the largest spread I have ever seen.between a a portfolio or quality utilities and these bonds.
Market value down $1.18 or 4.2%. Discount now over 7% from net asset value with a yield of 6.8% while 30 year US bonds are now yielding 2.5% and 10 year US notes yielding 1.69%.
The "incident" is behind them. The company will be operating on all cylinders. Earnings during the next year should be great. Today's earlier decline of 12% was ridiculous. Smart investors picked up more shares.