Lee Enterprises (NYSE:LEE)

CAPS Rating: 2 out of 5

The Company directly, and through its ownership of associated companies, publishes 56 daily newspapers in 23 states and more than 300 weekly, classified and specialty publications, along with associated and integrated online sites.

Results 1 - 19 of 19

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Member Avatar OzmaOfOz (< 20) Submitted: 5/31/2011 1:24:48 PM : Underperform Start Price: $1.18 LEE Score: -166.81

Layoffs aren't doing LEE any favors.

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Member Avatar bradford86 (99.75) Submitted: 5/18/2011 3:06:27 AM : Outperform Start Price: $1.16 LEE Score: +171.22

i want to get away. i want to fly away.

yeah, yeah yeah.

market cap: $45M... for a company that makes $100M in free cash flow per year

Debt was reduced $26.2 million in the quarter and $55.8 million year to date. Debt, net of changes in ca sh, has been reduced $108.9 million in the last 12 months.

Carl Schmidt, vice president, chief financial officer and treasurer, said Lee remains in compliance with financial covenants and expects to continue repaying debt primarily with ongoing cash flow. Liquidity (5) at the end of the quarter totaled $116.7 million, which is an increase of $12.9 million from December 2010 and compares to $96.0 million of debt repayments due in the next four quarters.

Free cash flow totaled $11.3 million for the quarter, a 36.5 percent decrease from $17.8 million a year ago. The timing of income tax payments adversely impacted free cash flow in the current year quarter. Free cash flow in the last 12 months totaled $104.1 million

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Member Avatar SebekaPerham (< 20) Submitted: 12/31/2010 2:31:31 PM : Outperform Start Price: $2.48 LEE Score: -7.17

This stock has been beat down big time. Cash flow is good and debt is being manageed. For the value to be this low people must think newspaper ad and circulation sales will fall at a fast rate. This stock appears to be a goldmine to me

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Member Avatar marianeaj1 (< 20) Submitted: 7/13/2010 1:45:35 PM : Underperform Start Price: $2.72 LEE Score: +45.21

too much debt, newspaper are going down

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Member Avatar tuckerboreo (86.13) Submitted: 5/10/2010 7:25:38 PM : Outperform Start Price: $3.21 LEE Score: -57.35

LEE is on the verge of putting together 4 positive earnings quarters in a row with their July earnings report. This company is earning over $1/share even in this depressed ad revenue environment and the ad revenue declines looks to be hitting the bottom of the through. The company generates large amounts of cash flow, more than enough to cover debts and meet all operating obligations. Earnings and cash flow will only improve as the economy strengthens and ad revenues improve which is normal for media companies post a recession. With the economy stabilizing, print circulation looks to have plateaued and online ad revenue will grow by double digits going forward. With LEE trading in the mid-$3 range, I think it can likely be over $6 (80%+ upside) within the next year.

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Member Avatar LawfordCap (99.81) Submitted: 2/20/2010 12:06:52 PM : Outperform Start Price: $3.68 LEE Score: -77.44

interesting stock
but ps is low
no data for return on equity

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Member Avatar JKarius (< 20) Submitted: 2/12/2010 12:58:01 PM : Outperform Start Price: $3.70 LEE Score: -84.54

Good management, properties in very good markets

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Member Avatar Newshound3 (< 20) Submitted: 11/2/2009 5:22:22 PM : Outperform Start Price: $2.91 LEE Score: -64.14

LEE is a highly stable, well managed, good performing company with newspapers in almost entirely small, town markets where the newspaper is the lifeblood of the community. Investors are going to be fooled if they try to compare this stable, recovering stock to big city newspapers that are in big trouble. I see this stock selling in the $10 - $15 range within 5 years. For now, a good, solid growth stock!

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Member Avatar angus118 (< 20) Submitted: 10/6/2008 11:41:37 PM : Underperform Start Price: $2.85 LEE Score: +60.71

top 20 stocks to sell (10/6/08 LN)

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Member Avatar Souperman9 (< 20) Submitted: 9/22/2008 2:06:52 PM : Outperform Start Price: $3.03 LEE Score: -43.88

Punishment of this company's sector has been severely overdone. Book value on this stock in $7-10 range

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Member Avatar NDonline (< 20) Submitted: 7/2/2008 2:10:16 PM : Outperform Start Price: $3.23 LEE Score: -45.25

This company is grossly undervalued compared to its history. It's the new 3-buck Chuck. Despite the negative news about advertising, it actually appears to be outperforming it's competition.

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Member Avatar jatava (67.61) Submitted: 6/6/2008 12:20:13 PM : Outperform Start Price: $5.82 LEE Score: -85.57

10.000

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Member Avatar Pacificfyr (44.99) Submitted: 6/2/2008 12:14:53 PM : Outperform Start Price: $6.32 LEE Score: -89.80

Its just too cheap

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Member Avatar fitz55 (52.68) Submitted: 5/3/2008 1:22:03 PM : Outperform Start Price: $7.21 LEE Score: -94.80

very low P/E, insider buying, very good dividend

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Member Avatar StockMarketBeat (86.59) Submitted: 2/28/2008 7:17:27 AM : Outperform Start Price: $10.94 LEE Score: -117.24

http://stockmarketbeat.com/blog1/2008/02/28/lee-should-lee-enterprises-investors-stop-the-presses-or-pick-up-a-scoop/

Until the management can effectively put their plan into action, revenues and earnings look set for continued declines. In 2007 operating income decreased $5,157,000, or 2.5%.

Tax settlements reduced income tax expense by $6,880,000 in 2007. On an apples to apples basis, earnings per share declined from $1.82 to $1.66.

While the earnings are declining, they do appear trustworthy. The accrual ratio measures the difference between cash-based earnings and accounting (accrual) based earnings. The closer to zero, the better. With the exception of a spike in 2005 related to the Pulitzer acquisition, Lee’s earnings quality has been high.

I Would Look to Enhance Yield With Options

Although a put-write may offer another alternative play on the name, the options are thinly traded. The March 12.50 puts are available for approximately $1.45 at the time of writing, while the March 10’s are trading at about $0.30. The choice would depend upon the investor’s objective: someone wanting to own the shares at a lower price could use the $12.50’s to get an effective purchase price of just over $11.00, while an investor who doesn’t really want the shares could get a 3% one-month yield on money at risk using the 10’s.

I also think if I wrote put options and ended up with the shares, I would turn around and write covered calls to continue enhancing the yield and offsetting some of the risk.

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Member Avatar Ryanlanham (44.83) Submitted: 12/16/2007 5:13:10 PM : Outperform Start Price: $12.72 LEE Score: -113.07

Value...dividend...strategy. Best media play in the US.

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Member Avatar NetscribeConsGds (97.97) Submitted: 1/25/2007 8:31:29 AM : Underperform Start Price: $28.91 LEE Score: +134.09

Lee Enterprises publishes local newspapers, information and advertising primarily in midsize markets, with 51 daily newspapers and a joint interest in five others, rapidly growing online sites and more than 300 weekly newspapers and specialty publications in 23 states. With the acquisition of Pulitzer in June 2005, Lee is the fourth largest newspaper company in the country in terms of dailies owned, and grew from 12th to seventh largest in terms of total daily circulation.

The company generates 77% of its revenue from advertising. However over the years, the newspaper advertising spending has been negatively impacted by state of the overall economy, including unemployment rates, inflation, energy prices and consumer interest rates. Growth in readership and circulation can drive the advertisement revenues, but according to national Editor and Publisher data, both daily newspaper and Sunday circulation has been on a declining trend since their peak in 1985.

Globally, amongst advertising spending category, the online advertisement will enjoy a faster growth compared to others. According to PricewaterhouseCoopers internet advertising will experience a compounded annual growth rate of 18% and is expected to reach $51.6 billion in 2010. Endorsing the same, the company saw a top-line growth of 2.8% for Q1’07, backed by increase in advertising revenue by 2.3% particularly with online advertising up by 53%.

Lee’s online advertising business has experienced rapid growth over the last several years. The company in order to increase its online advertising revenue has entered a strategic alliance with Yahoo, whereby the classified employment-advertising base will also post job listings on Yahoo’s HotJobs national platform. However the sad part is that the company’s online business contributes a mere 3% to the total revenue.

A declining trend towards newspaper circulation would negatively impact the advertising revenue and therefore it is best to avoid Lee.

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Member Avatar elijah1952 (< 20) Submitted: 10/25/2006 1:15:48 PM : Outperform Start Price: $24.49 LEE Score: -138.14

Thanks to Income Investor I bought this at 25 with a good dividend. Lot of upside sicne it dominates local newspapers

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Member Avatar lee19661981 (23.94) Submitted: 10/6/2006 1:32:59 AM : Underperform Start Price: $22.04 LEE Score: +139.85

soon good to buy

Results 1 - 19 of 19

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