Brian Acker, CA
Gannett Inc.
GCI-N
PAST TOP PICK
Jan 14, 2014
(A Top Pick Jan 28/13. Up 50.69%.) Was attracted as how this company had a mobile version of their news on the iPhone. They were able to transition their business. Stock closed at $28.84 and he has a model price of $35, a 21% upside. His target would be around $44.
Expects it to do very well over the next little while. Should be a great year for media with presidential election, Olympics, Iraq. etc. help-wanted ads are increasing.
Had a lot of debt and some concerns with top line sales. Found a very strong Buying bottom indicated by volume and a nice turnaround in stock price. Use a stop loss of $16.50.
(A Top Pick July 30/08 with a stop loss of $17.78. Down 78.67% without the stoploss.) Stopped out at $16.50 giving him a 10.3% loss. High debt making it a trading stock. He no longer likes.
(A Top Pick Jan 28/13. Up 50.69%.) Was attracted as how this company had a mobile version of their news on the iPhone. They were able to transition their business. Stock closed at $28.84 and he has a model price of $35, a 21% upside. His target would be around $44.