Tuesday, April 19, 2011

Despite profit dive, GCI said industry's 'best bet'

Over the past 100 days, the average rating on Gannett's stock is "overweight," according to a survey of 11 analysts by FactSet Research, David Wilkerson of MarketWatch says in a new story.

The average recommendation on New York Times Co. over the same span is a less-positive "hold." That is the same view of the three Wall Street firms that follow McClatchy Co.

The more favorable view of GCI against industry peers is despite a 23% drop in first-quarter profits that Corporate disclosed yesterday.

GCI's stock recently traded for $15.18 today, down 21 cents, or 1.4%, after surging 4% yesterday.

5 comments:

  1. Deal Chicken was a winner. The prospect of GCI turning into another Groupon is persuasive. Now corporate has to deliver on the promises it has found a new digital category killer. If it works, we can all say we were saved by a chicken.

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  2. The name, though, is problematic. Yes, I know -- Google once seemed like an odd name for a company. Today, familiarity has made it seem normal, and it's even become a verb. But I'd argue that 'Deal Chicken' isn't a candidate for similar cultural assimilation. It is, and will remain, a perverse and ugly label. Too bad, because once the horse ... uhh ... chicken is out of the barn ...

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  3. I've been reading chicken entrails for years now, trying to divine the future. It doesn't look good.

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  4. This is like being named one of the best worst investments out there.

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  5. Or winning a Best of Gannett" award.

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