tag:blogger.com,1999:blog-8099437767970534324.post2064330295464827043..comments2023-11-05T06:26:51.316-05:00Comments on Gannett Blog: What you won't hear at today's annual meetingJim Hopkinshttp://www.blogger.com/profile/16712746705871119746noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8099437767970534324.post-80669009282752902822013-05-08T10:49:31.148-04:002013-05-08T10:49:31.148-04:00If you sell what people are willing to buy, you wi...If you sell what people are willing to buy, you will make money. If people do not want to buy your product, then you either have to devise a means to change either the product or its appearance, or close the doors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-35850040724978933752013-05-07T13:51:20.804-04:002013-05-07T13:51:20.804-04:00When Gannett got drunk on its own ale, buying stoc...When Gannett got drunk on its own ale, buying stock instead of investing in the future, the company was set back many years. Given the choice to innovate and grow, Gannett got safe and plowed its available cash into itself at the expense of its future. The move was arrogant, short-sighted, and a reflection of how little innovation was available throughout the organization. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-6344489376065157952013-05-07T11:57:33.112-04:002013-05-07T11:57:33.112-04:00Another alternative would have been to invest in t...Another alternative would have been to invest in technology. Still today, the amount of time required to, for example, redesign and relaunch the community newspaper websites is shockingly long. <br /><br />It's now going on TWO YEARS since that project was first announced. That's like 20 years in Silicon Valley time. <br /><br />Speed to market can definitely drive revenue and then the Jim Hopkinshttps://www.blogger.com/profile/16712746705871119746noreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-26271855957538060622013-05-07T11:55:13.507-04:002013-05-07T11:55:13.507-04:00Oy. A long-term thinker he wasn't.Oy. A long-term thinker he wasn't.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-26277113935333789542013-05-07T11:41:48.056-04:002013-05-07T11:41:48.056-04:009:40 AM - It certainly wouldn't have done anyt...9:40 AM - It certainly wouldn't have done anything for the stock price, nor would it in any way have improved the long term prospects of the company or the industry. And all the whiners would still be whining.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-55629134419741659732013-05-07T09:40:22.424-04:002013-05-07T09:40:22.424-04:00Think of what some of this useless buyback money w...Think of what some of this useless buyback money would have done to attract serious journalists or build morale among company high performers not enconsed at the crystsl palace upper floors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-65670738309568357302013-05-07T08:33:21.645-04:002013-05-07T08:33:21.645-04:00Priceless.
Later that year, on July 25, 2006, Co...Priceless. <br /><br />Later that year, on July 25, 2006, Corporate announced the board of directors had authorized an additional $1 billion in stock buybacks, in <a href="http://www.gannett.com/apps/pbcs.dll/article?AID=/99999999/PRESSRELEASES06/100426024/" rel="nofollow">a statement quoting Craig Dubow, by then CEO and chairman.</a><br /><br />“We believe Gannett’s stock is a terrific value andJim Hopkinshttps://www.blogger.com/profile/16712746705871119746noreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-67407327175640651672013-05-07T08:22:43.240-04:002013-05-07T08:22:43.240-04:00A good read, Jim. Thanks for the research and ins...A good read, Jim. Thanks for the research and insights.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-88487882893290084772013-05-07T00:44:16.696-04:002013-05-07T00:44:16.696-04:00Credit seeking alpha...
http://seekingalpha.com/ar...Credit seeking alpha...<br />http://seekingalpha.com/article/6232-gannett-q4-2005-earnings-conference-call-transcript-gci?part=qanda<br /><br />January 28, 2006<br />Stock price: $63 <br /><br />Operator<br /><br />We’ll hear next from David Winters of Wintergreen Advisors.<br /><br />Q - David Winters<br /><br />I’d like to ask Doug a question.<br /><br />A - Douglas McCorkindale<br /><br />Yes Anonymousnoreply@blogger.com