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Bullboard - Stock Discussion Forum FP Newspapers Inc V.FP

Alternate Symbol(s):  FPNUF

Communication Services
FP Newspapers Inc. is a Canada-based company, which owns securities entitling it to 49% of the distributable cash flow of FP Canadian Newspapers Limited Partnership (FPLP). FPLP owns and operates the Winnipeg Free Press, along with several other Manitoba based news and media publications that are available in both print and digital formats. The informative and engaging content it produces has a... see more

TSXV:FP - Post Discussion

FP Newspapers Inc > Very well run
View:
Post by Northforce13 on May 10, 2023 5:37pm

Very well run

Super duper amazing management writes off 8.5 mil this quarter for their super amazing decision to start buying new newspaper printing presses.  Yeah, really.  Then they change their mind, before even installing anything, and have to write off 8.5 mil.  

Love this new management! 

No wonder the CFO ran for the hills not long ago.  

I don't even own shares of this anymore.  Did a while back, just posting because I'm amazed sometimes at how incredibly stoopid management of some companies can be. 

This thing was well run for many many years, squeezing out every nickle and dime it could.  Then the board gets some new CEO with grandiose ideas and starts running the company into the ground at warp speed.  

Expect more retardo moves.
Comment by Banacheque on May 10, 2023 6:29pm
I'm right there with you on the write off! If it wasn't so sad, it would be funny! How in the world was this allowed to happen? Where I do have a different observation though is where the blame should be directed (until more is known).  It appears to me that the decision was made to purchase the equipment prior to employment of the new CEO. I don't know that the old CFO ran for ...more  
FP Newspapers Inc