Laura Wallace
Gannett Inc.
GCI-N
TOP PICK
Aug 18, 2003
It will benefit from the changed FTC rules in the United States, as well as increased ad spending in the upcoming election year.Should start to see a ramp up in earnings.
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.
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