Journal Communications, Inc. (NYSE:JRN)

CAPS Rating: 2 out of 5

A media and communications company with operations in publishing, radio and television broadcasting, and printing services.


Player Avatar TMFUltraLong (99.95) Submitted: 4/23/2010 12:21:13 AM : Underperform Start Price: $6.37 JRN Score: +13.38

I at first thought I had failed to yet again clean the litter box, but I was sorely's the stench of Journal Communications. Did you really read their last quarterly report...because if you did you would not be buying into this absurd rally. Revenues are going to continue to head lower thanks to weak print revenue, plain and simple. This company cut almost 20% of its workforce just to turn a relatively small profit and will be looking at an even smaller profit in 2011. Long-term growth rates are under 3%...why oh why would you buy into this? There is no longer any value here at 2 times book and nearly 20 times 2011's figures on declining revenues. Shareholder equity fell 60% since 2007 and net 150M in debts... tsk tsk tsk.... that's what that smell is.UltraLong

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Member Avatar dragonLZ (99.31) Submitted: 4/23/2010 12:54:13 AM
Recs: 0

Just a reminder:
Back in January of 2010 you red-thumbed JRN in your UltraCrap portfolio.
Currently, you are down 64 points on that call.

In my opinion, if you are looking for 20-40 points on this new call (after the recent huge run up in JRN's share price), I think you might have a chance.
But if you leave this pick open long term (more than 6-8 months), you'll get severely burnt. JMO.

Member Avatar dragonLZ (99.31) Submitted: 5/3/2010 7:56:27 PM
Recs: 0


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