Even though the market expects poor results from newpaper companies, the actual results can come as a shock. Gannett (GCI) is off over 5% to a 52-week low of $15.93 on poor…
If you thought this was a bad day for the market with the DJIA trading well under that 12,000 psychological level, there were some 400 stocks that hit 52-week lows today when…
Gannett (GCI), the country’s largest newspaper company posted its revenue for the May period. Advertising revenue dropped 14.3% to $347 million. This was an acceleration from the year-to-date rate of decrease of…
The newspaper industry was hit with another downgrade today, astonishing because almost all of the stocks in the sector are at 52-week lows. Wachovia cut its ratings on several chains including Gatehouse…
According to Reuters, Lehman (LEH) may have to merge due to its financial problems. Reuters writes that Apple (AAPL) introduced its new 3G iPhone. Reuters reports that the head of S&P says…
Sam Zell took The Tribune Company private and probably regrets that every hour of every day. With the downturn in the industry, his huge debt load is like a boat anchor. Zell…
The next newspaper company to get into real trouble is likely to be Gatehouse Media (GHS). The firm is in bad enough shape that it could be the next Journal Register. JRC,…
The war for newspapers to stay profitable, and, perhaps long-term, to stay viable has become a race between the fall-off in their print advertising and the increase of their online sales. Based…
Newspapers continued their march into oblivion with one tiny bright spot, the internet revenue for The New York Times. Reporting April numbers, NYT said the the internet revenue in its newspaper group…
After today’s close, we got to see which stocks that Warren Buffett Held in the Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) as of March 31, 2008. Buffett’s filing cut off date as…
Fremont General (FMT) Down 50% today. Finally delisted. Hit bottom at $.26 against 52-week high of $13.80. Avnet (AVT) Warns on profits. Slips to $27.76 from 52-week high of $44.68. Kinetic Concepts…
No rest for the weak in a market which even punishes mediocrity. Several widely traded companies made new lows. Firms with heavy debt and poor operating profit prospects were hit particularly hard.…
Those rummaging through the garbage of 52-week low lists are usually bottom-fishing investors or desperate CEOs. But, the list is so broad that it has become a tableau of the market as…
This was a massive list of lows today. Not all closed on lows, but the list was chopped down greatly just to accommodate the size of it. If you look at the…
If you have read any of our commentary or probably most other commentary online, you know that newspapers are not exactly the next growth engine in the economy. In fact, they are…
