Saturday, February 14, 2009

Barron's: GCI dividends too good to be true?

The high dividend yields on Gannett, CBS and other stocks don't look sustainable, given pressure on the companies and industries, financial weekly Barron's says in a new story: "Gannett, the largest U.S. newspaper company, could be fighting for its survival in the next few years, given industry trends. With its debt yielding 20%, the company ought to conserve every spare dollar to repay its $4 billion of debt."

Earlier: Dividend yields for investors who eat their young.

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2 comments:

  1. They will be cut my 75% in April.

    ReplyDelete
  2. So what is your point. Let's assume they cut the dividend. That money will go toward debt. So why do you care?

    ReplyDelete

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