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Monday, 21 December 2009 19:01

An introduction to Stock Talk

Written by readapaper.com staff

For an introductory offering, it is perhaps appropriate to offer an explanation of the goals of this column. Stock Talk will cover the ups and downs of major newspaper stocks, beginning with Gannett (GCI), McClatchy (MNI) and The New York Times Co. (NYT). We may add other stocks as time goes by, and if interest warrants. For a beginning, these three seem reasonable avatars for the sector as a whole. Aside from any announcements from the companies themselves, we may also refer to other announcements by third parties that track market metrics and such other factors as may have impact on future price moves of these stocks.

This page also includes a stock ticker that will track the entire industry. That ticker provides current quotes from Google Finance. For more information on a stock, click on the symbol for Google's page about that company.

Stock Talk will not be offering "buy" and "sell" calls. We will be trying to offer reasoned judgments of where these stocks may be going in the short-, mid-, and long-term. It is our intention to offer the column on a weekend basis, looking at least glancingly at the week behind, and the week ahead, with perhaps some longer-term observations mixed in.

As all observers of the newspaper industry are acutely aware, after an explosion of consolidation and exploding debt during the 1990s and earlier this decade, the recession of 2008-09 has been a near-death experience for many newspaper stocks. As massive goodwill writeoffs, dividend cuts, "junk" bond ratings, shuttered papers, sharp layoffs and some bankruptcies followed, even such former stalwarts as Gannett, McClatchy and The New York Times were staring into the abyss.

 

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Stock Talk

Jason Leavitt reports on newspaper industry stocks for readapaper.com with Stock Talk. Leavitt is the founder and sole operator of LeavittBrothers.com. Leavitt, who lives in the Denver area, is an engineer-turned-bartender-turned-trader. He has been trading since 1999, including full-time since 2002.

"I trade chart patterns within trends, and although I'd prefer holding for bigger moves, I'm shorter-term oriented and am typically exiting positions within a week or two," said Leavitt, who can be contacted at at jason@leavittbrothers.com.

LeavittBrothers.com

Leavitt Brothers is a 7-year-old stock picking and market analysis site for self-directed traders. It's goal: to save you time. Traders know it takes hours and hours to narrow the universe of stocks to a workable number. Leavitt Brothers narrows the universe of tradable stocks to what it considers the best.

The site is like an inexpensive office assistant with one good trade paying the membership fee for the year.

Newspaper Stocks

1 AHC 6.08
+0.01 (0.16%)    
2 DJCO 72.00
+0.50 (0.70%)    
3 DM 10.51
+0.51 (5.10%)    
4 GCI 14.91
+0.51 (3.54%)    
5 JRN 5.42
+0.29 (5.65%)    
6 LEE 1.15
-0.06 (-4.96%)    
7 MEG 4.24
+0.38 (9.84%)    
8 MNI 2.37
-0.03 (-1.25%)    
9 NYT 7.74
+0.15 (1.98%)    
10 SSP 8.93
+0.14 (1.59%)    
11 WPO 384.85
+2.45 (0.64%)    

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