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Gannett declares $0.16 dividend. Continuous auction of shares, I'm very hungry!! ;)
http://seekingalpha.com/news/3194139-gannett-declares-0_16-dividend?source=tweet … $GCI
http://stockcharts.com/h-sc/ui?s=GCI&p=D&yr=0&mn=3&dy=0&id=p61829176931
Why Gannett Co Inc (NYSE:GCI) is an Excellent Choice?
[Seeking Alpha] Gannett Co Inc (NYSE:GCI)(TREND ANALYSIS) is continuing its pursuit of the funny-named newspaper company tronc.
A buying spree has made it impossible for Gannett to buy back its own stock.
GCI’s shareholders would be better served with buybacks.
Is noted newspaper shark Gannett (NYSE:GCI) chasing tronc (NASDAQ:TRNC) too far?
Gannett’s initial $12.25 a share offer for its fellow newspaper publisher became public in April. The company raised its bid to $15 in May ($864 million including debt), saying the offer would remain on the table through August.
Stock Performance: Click here for a free comprehensive Trend Analysis Report
Gannett Co Inc (NYSE:GCI) stock is currently trading 32.16% below its 52-week-high, 5.47% above its 52-week-low. The 1-year stock price history is in the range of $11.52 – $17.91. Gannett Co Inc (GCI) has a price to earnings ratio of 13.92 versus Services sector average of 20.03. GCI stock price has underperformed the S&P 500 by 32.4%. The Newspapers Publishing company is currently valued at $1.42 billion, and its share price closed the last trading session at $12.15. The stock has a 50-day moving average of $13.26 and a 200-day moving average of $14.83.
Gannett Co Inc (GCI) current short interest stands at 7.67 million shares. It has decreased by 2% from the same period of last month. Around 8% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.2 million shares, the number of days required to cover the short positions stand at 6.4 days.
GCI is forecasted to report earnings per share of $0.16 and a revenue of $753.89 million for the 3rd Quarter of the fiscal year 2016. Gannett Co Inc (GCI) declared last quarter earnings on July 27. The Newspapers Publishing company announced last quarter earnings per share of $0.30 against a consensus Street estimate of $0.30, matching the average estimate. The company posted a revenue of $748.8 million compared to an estimation of $787.1 million.
Is this a Trading Opportunity? Click here for a free Trend Analysis Report
There are currently six analysts that cover Gannett Co Inc stock. Of those six, three have a Buy rating, three have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $16.
A recent analyst activity consisted of Jefferies reiterating their Hold stance on July 28. Jefferies decreased price target from $15 to $14. This corresponds to a 15.23% upside from the last closing price. On the date of report, the stock closed at $12.74.
Argus Research upgraded their Hold rating to Buy on November 5. On the date of report, the stock closed at $16.37.
Company snapshot
Gannett Co., Inc. is an international news and information company that publishes various daily newspapers in the United States and the United Kingdom, including “USA TODAY” and “USA WEEKEND,” a newspaper magazine. The Company also operates television stations in major United States markets as well as operates websites offering news, information and advertising.
http://www.streetreport.co/why-gannett-co-inc-nysegci-is-an-excellent-choice/52406/
Wooohooo
2016-01-14 08:35:00
GrowPros begins cannabis production plant permitting
Mr. Ryan Brown reports
GROWPROS BEGINS PERMITTING PROCESS IN ANTICIPATION OF SPRING CONSTRUCTION DATE FOR ITS 50,000 SQ. FT. CANNABIS PRODUCTION FACILITY
??????????
Heard all this crap before , and Canada turns it down or so catch 22
Ends up screwing speculative shareholders
Gannett adds creative services to InnerWorkings’ marketing execution partnership
http://www.businesswire.com/news/home/20150803006204/en/#.Vb-65rXbIrg
Why buy GCI?.Icahn Ups Stake In Gannett
As per the filing, Icahn, as of June 29, had 7.48 million shares in GCI6.5%
http://www.nasdaq.com/article/icahn
Why buy GCI?.Icahn Ups Stake In Gannett
As per the filing, Icahn, as of June 29, had 7.48 million shares in GCI6.5%
http://www.nasdaq.com/article/icahn
Earnings Presentation Published
Before Transcript.. Read here..
http://www.earningsimpact.com/
GCI Has This Media Company Bitten off More Than it Can Chew?http://beta.fool.com/leokornsun/2013/06/19/has-this-media-company-bitten-off-more-than-it-can/37764/?source=TheMotleyFool
Volume is improving for this one. I'm holding for $20 - do you think we'll make it?
Gannett Printing Could Utilize DSS's security printing
Document Security Systems (DSS) uses secure printing technology which could be used by Gannett. Currently, DSS is suing Coupons.com for breach of contract over the technology. More can be accessed here: http://www.prnewswire.com/news-releases/document-security-systems-motions-hearing-in-couponscom-case-rescheduled-for-earlier-date-162393096.html
~ Monday! $GCI ~ Q2 Earnings alerted as posted, pending or coming soon! In Charts and Links Below!
~ $GCI ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=GCI&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=GCI&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=GCI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=GCI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=GCI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=GCI
Finviz: http://finviz.com/quote.ashx?t=GCI
~ Marketwatch: http://www.marketwatch.com/investing/stock/GCI/insideractions
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=GCI >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
~ Monday! $GCI ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $GCI ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=GCI&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=GCI&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=GCI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=GCI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=GCI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=GCI
Finviz: http://finviz.com/quote.ashx?t=GCI
~ BusyStock: http://busystock.com/i.php?s=GCI&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=GCI >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
~ $GCI ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $GCI ~ Earnings expected on Monday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=GCI&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=GCI&p=W&b=3&g=0&id=p54550695994
~ Barchart: http://barchart.com/quotes/stocks/GCI?
~ OTC Markets: http://www.otcmarkets.com/stock/GCI/company-info
~ Google Finance: http://www.google.com/finance?q=GCI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=GCI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=GCI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=GCI
Finviz: http://finviz.com/quote.ashx?t=GCI
~ BusyStock: http://busystock.com/i.php?s=GCI&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=GCI&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=GCI
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=GCI
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=GCI
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=GCI
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=GCI
~ MarketWatch: http://www.marketwatch.com/investing/stock/GCI/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=GCI
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GCI
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GCI&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GCI&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GCI&size=l&frequency=60&color=g
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
This is a great buy IMO.
I have been searching for great buys.
Gannett Co., Inc. is an international media and marketing solutions company.
Not messin' with this anymore, out @ $11.11.
Did NOT like the recent pull back and not willing to be greedy.
Nice chunk of $$$ in my account.
GLA may GCI explode into the 20's and beyond.
Sieg
See post #349,......repeat See post #349 eom.
Same goes for today 10/5/2009
WEEEEEEEEEEEEEEEEEEEE!!
Glad I held half my shares for more $$$$$
lol!!
GLA
Sieg
GCI in blast off mode, another stellar day!
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!
GLA
Sieg
like I said buy and hold hehe~!
Liking this, got my 100%+, now riding free.
Sold 1500 @ 10.45, holding 1500 shrs for higher highs....we shall see. Still watching closely.
GLA
Sieg
A down market and GCI eod up .34
Shaking my head & laughing.
Got to love it!
GLA
Sieg
GCI - one of the hottest bigboards in July...news papers go figure....I wonder if this is the sign for churn...before the next move up..
Spoke too soon, up 12.41% or +0.72...nice.
GLA
Sieg
Nice 9% gain today, a couple days like this makes me feel much better about my buy-in. GO GCI!!
GLA
Sieg
Going to keep a sharp eye on it.
In last week @ $4.78 w/2000 shrs.
Solid Company with long history that is in process of changing corporate structure and business model.
Reputation for success also a plus.
GLA
Sieg
They have a good internet business, I think they can transform themselves...
GL!
Now @ #50 most shorted list. I'm in.
Solid stock with potential to bring huge gains longterm.
GLA
Sieg
Gannett Co., Inc. Reports Second Quarter Results
Operating Cash Flow was $252.2 million
Jul 15, 2009 8:11:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesMCLEAN, Va.--(BUSINESS WIRE)-- Gannett Co., Inc. (NYSE: GCI) reported today that 2009 second quarter earnings per diluted share were $0.30 compared to a net loss per share of $10.03 for the second quarter of 2008. Results for both quarters included several special items noted below. Earnings per diluted share for the second quarter of 2009, excluding those items, were $0.46. Earnings per diluted share for the second quarter of 2008 on a comparable basis were $1.04.
Results for the second quarter of 2009 include: a $42.7 million pre-tax gain related to the company's debt exchange ($26.1 million after-tax or $0.11 per share); $16.6 million in pre-tax costs related to workforce restructuring and facility consolidations ($10.3 million after-tax or $0.04 per share); $47.4 million of pre-tax non-cash charges related primarily to asset impairments in the company's publishing segment ($29.6 million after-tax or $0.13 per share); and a $28.0 million non-cash charge for asset write-downs ($24.2 million after-tax or $0.10 per share).
Results for the second quarter of 2008 included: a pre-tax curtailment gain for its domestic pension plans of $46.5 million ($28.9 million after tax or $0.13 per share); $39.9 million in pre-tax costs related to workforce restructuring and facility consolidations ($26.4 million after tax or $0.12 per share); and certain non-cash impairment charges totaling approximately $2.8 billion pre-tax ($2.5 billion after-tax or $11.08 per share).
The Non-GAAP Financial Information section which follows provides details of these special items and their effect on the Statements of Income.
"We continue to position the company for the eventual rebound in the economy and the evolving media landscape as we navigate through this unprecedented economic storm. The economic headwinds, which continued to constrain advertising demand, masked several important achievements in the quarter. In our digital segment, pro forma operating profits rose almost 84 percent. Total digital revenues across all of our segments were over $225 million. Retransmission revenues in our Broadcasting segment rose three-fold partially offsetting weak auto advertising demand and lower political spending. In our publishing segment, while advertising revenue comparisons remain difficult, second quarter year-over- year comparisons improved versus first quarter comparisons and June was our best comparison month thus far this year," said Executive Vice President and Chief Financial Officer Gracia Martore.
"The decline in our operating expenses reflects our efforts to achieve efficiencies and further consolidations company-wide, furloughs in the current quarter and significantly lower newsprint expense. We continue to opportunistically manage our capital structure and successfully extended the maturities of over 25 percent of our outstanding bonds to 2015 and 2016 through a debt exchange offer. As a result of our debt exchange and our substantial operating cash flow of $252 million, debt was $223 million lower and totaled $3.5 billion at quarter end."
Weakness in the economies of the U.S. and UK resulted in continued downward pressure on revenues. Total reported operating revenues for the company were $1.4 billion in the second quarter compared to $1.7 billion in the second quarter of 2008. The consolidation of CareerBuilder and ShopLocal for the full quarter in 2009 drove the significant increase in digital segment revenues.
Reported operating expenses totaled $1.3 billion, representing a decline of 67.0 percent, primarily due to the significant non-cash impairment charges in 2008. However, several other important factors impacted year-over-year reported operating expense comparisons. In addition to the impact of the special items previously mentioned and presented in the Non-GAAP section of this report, efforts to more efficiently operate our businesses, including workforce restructuring and facility consolidations in prior periods as well as furloughs and salary adjustments in the current period and lower newsprint expense, contributed to a sharp decline in operating expenses. The consolidation of CareerBuilder and ShopLocal for the full quarter this year partially offset the year-over-year operating expense declines. Therefore, on a pro forma basis operating expenses, excluding special items in both quarters, were 19.7 percent lower. Corporate expenses were higher in 2009 due principally to the allocation of a portion of the pension curtailment gain in 2008. Corporate expenses adjusted for several items actually declined 11.3 percent.
Operating cash flow (defined as operating income plus depreciation, amortization and non-cash asset impairment and other charges) was $252.2 million for the quarter and net income was $70.5 million.
Average diluted shares outstanding in the second quarter totaled 234,745,000 compared with 228,325,000 in 2008's second quarter.
Call me crazy
I might be completely off my rocker with this one, but Gannett could be an interesting opportunity for adventurous investors seeking a contrarian bonanza.
Earlier this year, my Foolish colleague John Rosevear challenged investors to ignore the noise around General Motors (NYSE: GM) and take a closer look at Ford (NYSE: F). He suggested that a best-of-breed company in an otherwise pitiful industry can produce a compelling risk-reward situation. Ford shares tripled in value soon afterwards, so he was surely on to something.
Gannett is a similar story. The newspaper industry is a sad, sad, relic reminiscent of a walking dead man. Yet Gannett's relatively diverse business model and niche spot with USA Today, still in demand at hotels, has left it profitable. Furthermore, its debt, although frighteningly heavy, appears to be stable. As CAPS member HeloJim writes:
The bad news is out. The credit rating has been downgraded to junk territory, the dividend has been cut, we know the industry has been in decline, [ad] revenues have been killed, the internet has stolen customers and the company took huge write-downs of goodwill in 2008. Everyone sees that.
With all that, this company is still profitable. Their debt structure is stable, competitors are teetering on the brink and cost reduction efforts are improving margins. As the recession ends and add revenues start returning, their profits will look very attractive. … Their TV stations have held up fine during the recession and they've done a good job developing their online business. Management has also prioritized debt retirement so don't expect the dividend to return, but as debt is reduced this stock will get noticed.
The upside here is that shares currently trade at just over three times forward earnings. If management can successfully finagle its debt and ride out the recession, investors are looking at an insanely undervalued stock. If not, well, all bets are off. This one ain't for the wusses.
http://www.fool.com/investing/general/2009/05/22/3-ridiculously-cheap-high-quality-companies.aspx
Geffen Made Offer to Buy Stake in New York Times
http://online.wsj.com/article/SB124210090486409825.html?ru=yahoo
GCI will be getting a ton of attention. Wonder who will be making an offer for GCI?
Geffen Made Offer to Buy Stake in New York Times
http://online.wsj.com/article/SB124210090486409825.html?ru=yahoo
GCI will be getting a ton of attention. Wonder who will be making an offer for GCI?
Admittedly, I have made some big mistakes in the media business. My Journal Register pick last year was a disaster. However, I always look forward, never back, and think the pessimism has gotten out of hand. So I'm buying newspaper firm Gannett ( GCI - news - people ) (4, GCI), publisher of USA Today. I am well aware that newspapers are suffering a deep secular decline as advertisers flee traditional media for cheaper, easily measurable advertising on the Web. But remember that a significant amount of the drop has been because of the troubles of automakers and home sellers. When a company with strong franchises like Gannett sells for one times trailing earnings and three times expected 2010 earnings, I step up and swing. In 26 years I cannot remember such an opportunity to invest at historically low levels in companies that are generating cash flow, earnings and real profits.
http://www.forbes.com/free_forbes/2009/0525/122-finance-stocks-securities-patient-investor.html?partner=yahoomag
Oh wow, looks like it will be heading over $10 just as you said a month or so ago...nice.
October 10 Call volume alert, looks like someone scooping them up, hmmmmmm.
Very strong here, I sold out though unfortunaley, I had the may calls that are getting ready to expire so I took the gain while it was there, I so=hould have had the Junes and then I'd still be riding! DOH!
GCI going to see your $10 target I believe....
Wow, very nice.
Great move! look at LEE and MNI following!
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