JRC
Gannett (GCI) may take as much as $3 billion in non-cash write-downs for some of its assets. It is that bad in the newspaper industry. The charge would cover as much as 20% of the value of...
14 years ago
With the sudden delisting of the Journal Register, it is interesting to look at who else is on the NYSE list of companies who could get delisted. The NYSE is generally very good about this and lets...
15 years ago
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....
15 years ago
Journal Register Co. (NYSE: JRC) has been given notice by the NYSE that its shares are slated to get booted off of the prestigious exchange. The NYSE said in its statement that the company...
15 years ago
Last Updated: 3 years ago
Journal Register Company (NYSE: JRC) has finally announced today that it hired Lazard Freres & Co. LLC as its financial advisor to help the company evaluate strategic options. It noted concern...
15 years ago
Last Updated: 3 years ago
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 probably...
15 years ago
Last Updated: 3 years ago
Short sellers went after newspaper chains with a vengeance based on data from the NYSE as of February 29. The coverage ratio for Journal Register (NYSE: JRC) hit 52 days. The stock trades at $.80...
15 years ago
It should come as no surprise that companies which has taken on too much debt over the last three years will start to fail and have to file for Chapter 11. Some of the signs that this process is...
15 years ago
Fremont General (FMT) Threatens more write-downs. Falls to $.73 from 52-week high of $13.80. R H Donnelley (RHD) Downgrades after poor earnings. Hits bottom of $6.26 from 52-week high of...
15 years ago
Nortel (NT) Nine-to-one this dog never hits bottom. Down to $9.05 from 52-week high of $30. Mylan (MYL) Market unhappy about quartery results. Sells off to $12 from 52-week high of $22.90. Gannett...
15 years ago
Dycom Industries (DY) Posts loss on lawsuit settlement. Falls to $11.88 from 52-week high of $34.13. Nortel (NT) Big loss and lay-offs. Down to $9.67 from 52-week high of $30.27. Journal Register...
15 years ago
The default rate on junk bonds in 2007 was well under 1%. Junk guru and finance professor Edward Altman says that number will move well above 4.6% this year. According to The Wall Street Journal...
15 years ago
The news about the demise of newspapers is now at least two years old. Each month newspaper chains put out their advertising numbers and each month they are worse. The only real question about the...
15 years ago
It actually is not very unusual for a stock to lose half its value, especially if it is in the right sector. Shares in Countrywide Financial (CFC) are down over 75% in 2007. Several newspaper company...
15 years ago
The writing is on the wall now. Journal Register (JRC) is almost certainly worth less than its debt and market cap combined. The company’s debt stands at $642 million as of the end of the...
15 years ago