With investors looking toward Gannett's third-quarter earnings report Monday, the company's stock has staged a comeback from recent lows, where it had lagged other newspaper shares and the overall market.
GCI recently traded for $27.43, up 47 cents, or nearly 2% -- the highest its changed hands since the end of the Great Recession. Shares up 47% from a year ago, a far better performance than the 20% gain by the widely watched S&P 500 index.
GCI recently traded for $27.43, up 47 cents, or nearly 2% -- the highest its changed hands since the end of the Great Recession. Shares up 47% from a year ago, a far better performance than the 20% gain by the widely watched S&P 500 index.
Lets see what happens Monday. My guess at least a dollar drop!
ReplyDeleteVery early this year, when it jumped several points, I made the prediction, that it would hit $25+, and that I wouldn't be surprised to see it top $30 before the end of the of the year.
ReplyDeleteIt was all done in jest, and who would have thunked...
:~)
Wall street analysts are a bunch of sheep. They never challenge much of what Gracia tells them. But going forward, how do they factor in the loss of Tom the $300 million man Buesse?
ReplyDeleteHope the Belo deal pays off and keeps Gannett's stock price going.
ReplyDelete