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...
Published:
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...
Published:
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....
Published:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
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...
Published:
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...
Published:
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...
Published:
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...
Published:
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...
Published:
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...
Published:
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...
Published:
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...
Published: