RE: Mangement
i guess u have no clue how to buy shares.....the company has enough assets on their books to part out ...pay out all their debts and be cash flow positive for years and years.... the company is still making a huge profit annually...even if its cut to 50 % then they are still making 250 million net..thats 3 times the current market cap...which will not happen cause i think they are at bottom of print revenues and online revenues are only going up from here...
recent sells of lespac and autotrader indicate that there is strong value for their assets....almost 800 million of debt has been wiped off their books.= huge savings on interest costs......elimination of common dividends is puting another 300 - 400 million net on the books....unfortunately they are not allowed to buy back shares currenty...but if they were i bet they would take out all the preffereds to save dividend payments....total amount of preffereds includings a & b is less then 40 million....at current share values its less then 160 million...less then 3 months net earnings....i think we will see another asset sale soon...that would be huge for this company ...all in all they are moving in the right direction...meanwhile i will keep on buying c's and d's and getting 40 % dividends on them....