We wanted to highlight a positive piece on Gannett (GCI) published in Barron's last weekend (5/31). Pretty much everything we said about GCI in Jan. '14 was supported in that Barron's article. Most of the buy-side guys that Barron's quoted also value GCI around $40/sh. Link to the article: Gannett Could Rise 40%.
GCI has reacted well to the story as it is up 3% on high volume; it is up only 4.2% since we published our opinion on it in late Jan. '14, compared to a 7.5% increase in the S&P 500 during the same period.
Related AMBlog posts:
- GCI: Good Q1 results; on track to meet our FY '14 expectations
- GCI, IACI: Supreme Court to hear the Aereo case ...
- AVID, FB, GCI, TWTR: Media-tech industry analysis discussion at 2014 NAB ...
- GCI: Strategic partnerships announced; may help drive top-line growth down the road
- GCI: CBS to simulcast 8 Thursday night NFL games during the 2014 season
- GCI: Guides higher than expected Broadcast revenues; Reported strong Q4 and FY '13 results
- GCI: Gannett remains a value-play
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