+ Watch JRN
on My Watchlist
A media and communications company with operations in publishing, radio and television broadcasting, and printing services.
I at first thought I had failed to yet again clean the litter box, but I was sorely mistaken...it'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
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.p.s. 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.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions