"Our stock is an outstanding investment
at current price levels."
-- CEO Craig Dubow on July 18, when GCI closed at $13.01 a share, and Corporate announced it would buy back up to $100 million worth of shares over the next year. Since then, GCI has plunged 27%.
Shares closed yesterday at $9.48, down 95 cents, or 9.1%, on a day when overall markets tumbled once more. The S&P 500 index fell 4.4%, and the Dow Jones Industrial Average fell 4.6%. Trading resumes today at 9:30 a.m. ET. Some relevant numbers:
million: average number shares trading daily
billion dollars: Gannett's market capitalization Feb. 14, when shares hit their last closing high, $17.19. Current cap: $2.3 billion
cents: quarterly per-share dividend
in dollars, per-share price former Chief Digital Officer Chris Saridakis got for his options April 26, 2010
in dollars, closing price July 15, 2005, when Dubow became CEO
in dollars, approximate per-share price I got when I sold most of my GCI in 2004
million: number shares outstanding
shares Karen Hastie Williams owned when she retired in April after 14 years on the board of directors
year when GCI went public
shares Dubow owns outright
options COO Gracia Martore owns
[Data: Google Finance, regulatory filings]