29.1

25.3

Primedia (PRM) was downgraded from Hold to Buy, Deutsche Bank said. $15.50 price target. Investors now have the special dividend and the stock now looks fully valued.

34.2 4.84 N/A

From Barron's 8-25-07:

"HERE WERE ALSO SOME SPECIAL dividends last week. Big Board-listed Primedia (PRM) will pay its first dividend-a one-time distribution of $2.15 a share. That's worth around $96 million to its investors. The dividend will be funded from the proceeds of Primedia's Aug. 1 sale of its Enthusiast Media business for $1.18 billion in cash. The New York company, which publishes consumer guides, including Apartment Guide, Auto Guide and New Home Guide, also plans to institute a regular dividend program. Holders of record Sept. 4 will receive the special payout Sept. 7; the ex-date is Aug. 30."

BUY

Deutsche Bank said it is upgrading Primedia (PRM) to Buy from Hold. Second quarter revenues are slightly ahead of plan. Company should see revenue tailwind from the housing downturn. Attractive dividend. $14 price target.

They produce many magazines. Including the popular surfing related mags.

past performance

+66%