Comments for GCI - Stockpickr! Your Source for Stock Ideas

Comments for GCI

Added By	Comments	Type	Date Added
barrons3	Market Perform/Aggressive - Price 14.06 on Oct. 20 by Barrington Research Gannett topped expectations for the quarter, which were laid out very recently in conjunction with the $500 million debt offering. While advertising pressures clearly continue to exist, and a 28% decline in newspaper-ad revenues is not a great situation, the pace of decline for the quarter reflects a decelerating rate of decline from the previous quarters in 2009. This percentage would have been less severe had currency adjustments not added to the pressures. GAAP [generally accepted accounting principles] EPS for the quarter of 31 cents compared with our 25-cent estimate and 25-cent to-31-cent guidance....We expect some of these favorable trends [to] persist into the fourth quarter, and are nudging our estimate for Q409-EPS to 50 cents from 45 cents, and full-year E-EPS to $1.65 from $1.55. We are also now using $1.65 for both 2010 and 2011 (previously $1.60 and $1.55, respectively). Market cap: $3.3 billion.	Love	October 24, 2009
rambo1	UNDERVALUED ENTERPRISE	Love	August 13, 2009
barrons3	Google? I read the newspaper quarters and see that they have cut costs to stay ahead of the game -- New York Times (NYT) and Gannett (GCI) have beaten back bankruptcy. But no one has been able to beat the migration, and Google's just still taking share from Yahoo! (YHOO), although Bing from Microsoft is a real threat. My take: When GOOG gets to 19 times earnings, it is a buy, but for the first time, multiple analysis matters.	Love	July 30, 2009
gfallon	no subscribers	Hate	July 27, 2009
High Dividends	7	Love	June 22, 2009
barrons3	But then there are companies that I remember being in the $20s and $30s, companies like Gannett (GCI), New York Times (NYT), Hartford (HIG), Lincoln (LNC). I just can't believe where they are.	Love	March 05, 2009
sarah z	From a recent Mad Money show: "No, that's a big red flag. That dividend is not going to hold up. I don't want to own any newspaper; they're toxic."	Love	December 22, 2008
sarah z	From a recent Mad Money show:"No, that's a big red flag. That dividend is not going to hold up. I don't want to own any newspaper; they're toxic."	Love	December 19, 2008
oopfish	high divd	Love	December 11, 2008
rhettlong	Prints money in the form of newspapers but has failed to give X and Y gens an alternative	Hate	October 02, 2008
barrons2	Q: At 18, the stock trades at less than six times forward earnings. A: We got interested in it when it was in the 20s, so we are not too bad off now. We are not blind to the changes that are occurring in the newspaper industry. I can't draw the plan that they are going to use, but I know that most of these guys, particularly the guys at Gannett, get it.	Love	August 09, 2008
barrons2	Gannett, whose shares have fallen this year by 54%, to 18, after a 35% decline in 2007, is the leader in what may be the most hated market sector: newspapers. Its second-quarter earnings were down 22%, to $1.01 a share, and the rest of the year looks difficult. A lot of bad news, however, already is in its shares, which trade for less than six times projected 2009 profits. Gannett is a long way from going out of business. Instead, it's a highly contrarian investment. Investors get a 9% dividend yield, well-covered by earnings.	Love	July 26, 2008
barrons2	Market Perform - Price: $16.57 on July 15 by Barrington Research [Quarterly] earnings per share of $1.02 ($1.01, adjusted to exclude nonrecurring pension and severance items) were essentially in line with our $1.01 estimate and the $1.02 consensus estimate. Revenue of $1.7 billion in the quarter also matched our expectation. We are reducing our estimates once again to reflect the worsening in the ad-revenue trends.... Classifieds were down 21.6% in June, even more than the 18.8% decline noted for May, bringing the six-month category collapse to 17.4%. During the second quarter, publishing ad revenues fell 13.5%. By category, retail declined by 8.3%, national by 14.0% and classifieds by 18.7%. Within the classifieds grouping, real estate dropped the most, at 29.5%, followed by employment at 23.2% and automotive at 13.4%. The unrelenting downward slope [in Gannett's share price] is stunning, particularly when one considers that the Ebitda [earnings before interest, taxes, depreciation and amortization] we now forecast for 2008 and 2009 represents a decline of about 33% from peak to trough. In contrast, the stock price variance from peak to trough just this year is more than 70% and more than 80% from levels reached earlier this decade. While we recognize that meaningful near-term catalysts are clearly lacking, we feel Gannett is better-positioned than most publishers to generate meaningful cash flow from its print businesses as it continues to invest in ancillary projects, online and otherwise. While it is difficult to argue strongly about a significant and immediate upturn in the price of Gannett, we feel that further downward pressure...is unwarranted unless one is willing to take the position that the remainder of Gannett's earnings remain at serious risk and/or the potential for significant financial strains is great -- neither of which are among our assumptions.	Love	July 19, 2008
barrons2	He will sell a position if the price rises to his estimates of intrinsic value, fundamentals deteriorate, a position becomes more than 7% of the portfolio, or he wants to swap a holding for one that's more attractive. Thus, out went Sara Lee (SLE) and Gannett (GCI) last quarter.	Love	April 19, 2008
ealeadley	good management but failing business	Hate	January 13, 2008
barrons2	An underappreciated asset is its TV business, which could be worth $4 billion, or $17 a share. Strip that away, and investors are paying only five times pretax cash flow for Gannett's newspapers. If the stock continues to struggle, pressure could mount for a higher dividend.	Love	January 05, 2008
kboyd	Cheap	Love	October 27, 2007
High Dividends	3.2%	Love	August 06, 2007
Barrons	From Barron's 7-30-07: "Gannett, the largest U.S. newspaper publisher, posted an 18% gain in second-quarter profits by cutting costs and selling some publications. Tuesday, Gannett (GCI) sweetened its dividend 29%, to 40 cents a share from 31 cents. The payment and record dates are Oct. 1 and Sept. 14, and the stock goes ex-dividend Sept. 12. Yield: 3.25%. Since 2000, Gannett has returned about $6.2 billion to investors via dividends and stock buybacks. CEO Craig A. Dubow credited Gannett's strong cash flow and financial position for the dividend enhancement. The stock is trading around 50, down from a 52-week high of 63.50."	Love	July 28, 2007
KatyKlotz	dividend growth and safety	Love	June 06, 2007
Barrons	"The McLean, Va.-based company has the highest operating margins in the U.S. newspaper business, at almost 30%. With a market value of $13.2 billion and debt of $5 billion, it is an unlikely target for a takeover or leveraged buyout, especially given private-equity firms' aversion to the industry. Yet there are steps Gannett could take to enhance shareholder value, starting with a sizable increase in its annual dividend, now $1.24 a share, which provides a yield of 2.2% The company also could spin off its TV operation, which includes an attractive collection of NBC stations...Gannett gets little credit for its captive broadcast division, which generates 10% of its annual revenue and 17% of its pre-tax cash flow. Given rising valuations in the sector, the TV business could be worth $5 billion, or more than $20 per Gannett share. Other assets include a 42% stake in CareerBuilder.com, a leading online jobs site, that could be worth $600 million."	Love	April 07, 2007
Admin	2. Gannett Co Inc (GCI) and The McClatchy Company (MNI).	Love	February 22, 2007