Tuesday, January 22, 2008
S&P: Gannett's profit margins to rise in 2008
Standard & Poor's, in a Jan. 16 newsletter I just got from the credit rating agency, forecasts GCI operating margins of 24.2% in 2008 -- up slightly from its projection of 23.8% in 2007. S&P recommends investors buy Gannett shares because it sees them rising to $49 in the next 12 months. (They've been trading today as low as $32.37.) Interestingly, S&P singles out "greater than anticipated weakness in Detroit'' as a possible factor that could affect its recommendation.
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Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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