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JimVanMeerten (61.99)

Gannett ( GCI ) deserves a read

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September 30, 2009 – Comments (4) | RELATED TICKERS: GCI

Financial Tides is a stock newsletter that advocates Momentum Investing. Occasionally a stock comes up on the BarChart screens and we can't figure out why. We might buy it but it will be monitored closely and sold at the first sign of weakness. Gannett Co (GCI) is just such a stock.

I've looked at all the fundamentals and they look flat to me. Analyst aren't forecasting much but the stock keeps going up. Possible sale may be foretold in the numbers.

We all know GCI, it's the publisher of USA TODAY. It has 3 divisions. The publishing division has USA TODAY as well as 850 local publications in the US and 200 in the UK. The main focus of the Digital division is Career Builders and some on line classifieds. The TV division has 22 TV stations across the US.

On the technical analysis side BarChart has this stock a BUY on all 13 of their TA indicators. 9 new highs in the last 20 trading sessions plus 2 in the last 5 show it is getting action. I can't find the reason for a 280% price appreciation in the last 65 days.

The action is saying something that the analyst haven't found.

Recommendation: BUY below 11.75 and use a protective stop loss at the 20 day moving average of 9. Watch very closely!

Jim Van Meerten is an investor who writes about his financial opinions on Financial Tides, MSN Top Stock Blogs and Seeking Alpha.

Disclosure: I hold no position in GCI at time of publication but hold in my Marketocracy S&P 500 for accountability of my recommendations

4 Comments – Post Your Own

#1) On September 30, 2009 at 11:32 AM, dragonLZ (99.38) wrote:

Jim, If you want to know why GCI is up 280%, and why it will continue to go up, you need to read this.

Somebody knew something way before GCI showed up on your BarChart screen...

Good Luck

p.s. Make sure you see comment #12 :)

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#2) On September 30, 2009 at 1:46 PM, leohaas (31.83) wrote:

Long term Gannett is in the wrong business. Can you name any news paper or TV station with rising revenue?

GCI is up so much because the immediate threat of going BK has disappeared.

Disclosure: 100% biased because I regularly read USA Today and a local Gannett news paper, and I use Careerbuilder when needed (and that has been often in the past 14 months...). I'd hate to see this company go under!

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#3) On September 30, 2009 at 3:24 PM, dragonLZ (99.38) wrote:

leohaas, you are wrong on both statements (made in your first and third sentence)...

A year from now (or two), you will be reading about media stocks being some of the biggest winners in this bull market...

Just to name a few: GCI (of course), MNI, BLC, MEG...

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#4) On December 10, 2010 at 9:15 AM, jeo1234567890 (< 20) wrote:


We all know GCI, it's the publisher of USA TODAY. It has 3 divisions. The publishing division has USA TODAY as well as 850 local publications in the US and 200 in the UK. The main focus of the Digital division is Career Builders and some on line classifieds. The TV division has 22 TV stations across the US.

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adam

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Van Insurance Broker

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