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FP Newspapers Inc V.FP

Alternate Symbol(s):  FPNUF

FP Newspapers Inc. is a Canada-based company, which owns securities entitling it to 49% of the distributable cash flow of FP Canadian Newspapers LP (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 FPLP produces has a reach throughout the province of Manitoba.


TSXV:FP - Post by User

Bullboard Posts
Comment by stopedouton Sep 24, 2015 3:58pm
197 Views
Post# 24133019

RE:I like FP newspapers stock

RE:I like FP newspapers stockVery inexpensive. Market cap of $3.5 million implies an enterprise value for the whole operating company of just over $40 million if the debt is included. With an annualized cash flow of about $10 million, plus the company owns three properties including the Winnipeg office and plant which cost $132 million in 1991. Last year's assessed value was $14.98 million according to the city of Winnipeg website. I could not find assessed values on the other two properties but this puts some support under the stock. I would have bought a good deal more stock but obviously there is risk that the business continues to go the way of the Dodo.
Bullboard Posts