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AHC: A media stock on steroids...

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February 26, 2010 – Comments (3) | RELATED TICKERS: AHC

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.

p.s.

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.

3 Comments – Post Your Own

#1) On February 27, 2010 at 10:53 AM, hrc777 (< 20) wrote:

Interesting, not the type of stock I like but still interesting.  This trades at half book AFTER writing off a ton of goodwill. How could it have got that cheap?  There must have been a lot of money that thought this was going ch 11.

Made me wonder about your other picks and I see there are many.  Do you use some kind of screen and take everything that comes out?  Thanks for posting.

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#2) On February 27, 2010 at 12:22 PM, masterN17 (< 20) wrote:

Past performance is not indicative of future results. Sometimes.

 

Haha! I love the "sometimes" at the end :p 

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#3) On February 27, 2010 at 6:48 PM, dragonLZ (99.45) wrote:

Thanks guys.

hrc777, I look for stocks that go up on high volume. That's my screen criteria. Then, I take a look at their charts and pick the ones I like based on the charts. I would never buy a stock (wouldn't even pick it here on CAPS) if I don't like its chart.

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