The McClatchy Company (NYSE:MNI)

CAPS Rating: 1 out of 5

The Company is the newspaper company in the US, also has a robust network of internet assets, including local websites in each of its daily newspaper markets, offering users information, comprehensive news, advertising, e-commerce and other services.

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Member Avatar RES7 (98.24) Submitted: 8/31/2015 12:23:45 AM : Underperform Start Price: $1.22 MNI Score: -2.05

jed71

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Member Avatar EvanBuck (99.89) Submitted: 8/20/2015 10:51:25 AM : Underperform Start Price: $0.96 MNI Score: -30.78

Shoulda kept my downthumb on this...ended it in negative points because I got slightly scared. Oh well. But yeah, buying back stock with a good chunk of the little cash you have left is generally a bad, desperate move.

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Member Avatar SmartAce (99.90) Submitted: 8/19/2015 2:00:51 PM : Underperform Start Price: $0.96 MNI Score: -33.81

This one is few fries short of a happy meal. Nice find by Jed.

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Member Avatar jed71 (99.42) Submitted: 8/19/2015 11:05:46 AM : Underperform Start Price: $0.95 MNI Score: -35.10

This might go down as either the most brilliant or dumbest management move in 2015. I’m not entirely sure which it will be yet, but you can probably guess which way I am leaning. :)

In my view, this move reeks of desperation:

“McClatchy approves share repurchase program authorizing it to purchase up to $15 mln of common stock through Dec 31, 2016”

Is anyone really buying this? They have $32MM in remaining cash and have burned ($152) MILLION in free cash flow in the first six months of the 2015 fiscal year. Why in the world would management think this is a good idea? They have a MASSIVE negative tangible equity of ~($880MM) and a decent amount of debt. I don’t really see how this company has any value for shareholders AT ALL.

To be honest, if I saw some large insider purchases, I might be fooled by this move. But with no purchases (that I can find) in the past 12 months, I really don’t believe any of this. So what are they going to do when they need financing? Issue more stock at $0.50 a share? They already have quite a bit of debt so I cannot believe they’ll be able to go that route.

I’ll be surprised if they stay afloat for longer than 12-18 months. It seems to me that this one is going to be ripe for class action lawsuits, and honestly, I am surprised the “corporate ambulance-chasers” haven’t already pounced on this carcass.

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Member Avatar ExpectedValue (< 20) Submitted: 7/4/2015 4:54:33 PM : Outperform Start Price: $1.03 MNI Score: +24.25

MNI is at multi-year lows despite notable improvements in balance sheet & leverage. Q3-EOY could see further declines, but overall long-term value looking at next year and beyond (assuming a reasonable amount of competence by management). They have plenty of room to maneuver, and I expect thisstock will be back in the $3+ range in < 2 years.

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Member Avatar chopchop0 (35.52) Submitted: 3/15/2012 4:03:47 PM : Underperform Start Price: $2.94 MNI Score: +96.34

Loads of debt, dying industry. This might be short-term, but it's a good pick long-term.

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Member Avatar bradford86 (99.76) Submitted: 1/1/2012 11:34:45 PM : Outperform Start Price: $2.33 MNI Score: -101.19

this is a real estate play that would be trading at $10 if the company was forced to stop operations and the properties went out at auction.

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Member Avatar Monroe7 (< 20) Submitted: 12/27/2011 9:08:23 PM : Underperform Start Price: $2.34 MNI Score: +100.82

Too much debt + small cap + no dividend + hard hit industry with a not very bright future = bad investment

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Member Avatar GVinvesting (73.87) Submitted: 12/10/2011 6:43:58 AM : Outperform Start Price: $1.20 MNI Score: -51.09

Did we not learn anything from the last crisis? Heavily indebted companies with no imminent bankruptcy risk that are still generating enough cash flow to pay down debt can be 5- to 10-baggers.

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Member Avatar jmt587 (99.85) Submitted: 9/14/2011 11:50:08 AM : Underperform Start Price: $1.40 MNI Score: +76.52

Newspapers will underperform the S&P over the long term.

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Member Avatar MstrGold (29.38) Submitted: 10/28/2010 10:00:50 AM : Underperform Start Price: $2.78 MNI Score: +118.88

Reuping my previous pick (or redowning rather) :-)
This company has huge debt and would need to reorganize it in the future. Valuation still doesn't meet fundamentals, even after recent decline in price.

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Member Avatar SqueezePort (< 20) Submitted: 10/26/2010 5:51:38 PM : Outperform Start Price: $2.90 MNI Score: -122.01

Short interest: 34% of float

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Member Avatar graniteguys (46.24) Submitted: 5/19/2010 8:18:08 PM : Outperform Start Price: $4.39 MNI Score: -148.98

Bought this stock at .64 cents when everyone said newspapers are dead. Holding long term. Exit $30.00 when everyone still saying newspapers are dead

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Member Avatar BadCopNoDonuts (< 20) Submitted: 3/19/2010 3:53:39 PM : Underperform Start Price: $4.61 MNI Score: +140.28

following MrIndependant, etc.

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Member Avatar deMole (88.76) Submitted: 1/11/2010 1:25:57 PM : Underperform Start Price: $5.11 MNI Score: +145.13

"Buggy whip" business with huge debt burden

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Member Avatar hendrixtrader (< 20) Submitted: 10/31/2009 2:50:05 PM : Underperform Start Price: $2.68 MNI Score: +140.23

Reopening my position on this one.

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Member Avatar SWOOPINGLOTUS (< 20) Submitted: 10/16/2009 8:33:50 AM : Underperform Start Price: $3.47 MNI Score: +142.59

UltraLong's garbage list

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Member Avatar downyesterday (< 20) Submitted: 10/15/2009 4:29:24 PM : Outperform Start Price: $3.47 MNI Score: -142.59

Pick up on a dip

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Member Avatar circpro (< 20) Submitted: 9/11/2009 10:31:27 AM : Outperform Start Price: $2.23 MNI Score: -130.18

as a former employee, they are poised to have a great year unless retail dies in the 4th quarter

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Member Avatar pcolajoe (< 20) Submitted: 8/10/2009 11:18:59 AM : Outperform Start Price: $2.31 MNI Score: -139.88

relative strenth

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