AHC: A media stock on steroids...
AHC / A.H. Belo Corporation
I mean, what's up with this stock. Up again. Up 11% today, after being up 50% since 12/1/09. That's 67% return in 3 months. 67% in 3 flat months for the market. Unbelivable, I'd say.
I'm sure you already know I'm in love with media stocks, but even I am perplexed by the recent performance of AHC.
AHC was a $1 stock just a few months ago (on 7/15/09), and today AHC is a $7.50 stock.
That's 650% return in 7.5 months. 650%.
And what's also mind boggling to me is that AHC's chart looks like a straight line (on a 65% angle) constantly going up (take a look at AHC's chart here).
Perplexing. But I love it. Love it because everybody said media stocks are garbage. Love it.
A. H. Belo Corporation (A. H. Belo) owns three daily newspapers and 12 associated Websites: The Dallas Morning News, The Providence Journal and The Press-Enterprise. They produce local, state, national and international news. In addition to these three daily newspapers, the Company publishes various specialty publications targeting niche audiences, and owns direct mail and commercial printing businesses. On February 8, 2008, the Company was spun off from its parent company, Belo Corp (Belo) and became a separate public company.
Discalimer: This is by no means a "buy tip" for you. Past performance is not indicative of future results. Sometimes.