| Search by tag or site | Login to my blog ▪ Start my own blog |
 |
Financial SkepticAccentuating the caveat emptor with critical commentary concerning investor relations and financial communications. I look at how information is (mis)managed and manipulated thereby creating possible investors losses. |
Scripps Stumbles Along
Posted on 04/25/2007 16:24:21 | Link | Post Comment
EW Scripps (NYSE:SPP) announced slightly better than expected results. The print side is just terrible which is not news. The online side is suffering from investment as management attempts to spend their way digital profits. Nothing really new.
The question becomes why even bother with this stock. The management dilemma of converting an old line newspaper business that probably fell asleep into a profitable electronic media company is well documented. Call me when you figure it out.
They will continue to fight legacy costs in print as local advertising stalwarts such as classifieds dry up. What would be truly impressive would be a large and fast execution to get to the necessary endpoint. A death of a thousand cuts will continue to distract.
That having been said there is nothing to suggest that the electronic products will continue to clunk along. I suspect that the company will always need to invest to maintain the product offering which therefor will always drag down profits and cash flows.
What we need is the law of unintended consequences to kick in and take this stock in a new direction.
The question becomes why even bother with this stock. The management dilemma of converting an old line newspaper business that probably fell asleep into a profitable electronic media company is well documented. Call me when you figure it out.
They will continue to fight legacy costs in print as local advertising stalwarts such as classifieds dry up. What would be truly impressive would be a large and fast execution to get to the necessary endpoint. A death of a thousand cuts will continue to distract.
That having been said there is nothing to suggest that the electronic products will continue to clunk along. I suspect that the company will always need to invest to maintain the product offering which therefor will always drag down profits and cash flows.
What we need is the law of unintended consequences to kick in and take this stock in a new direction.
- Countrywide: Time To Look At The Board
- Gm Veba; Investors Need To Pay Attention
- Axa Research What Is This?
- Ldk Encircled By Wolves
- Bain Submits To Foreign Security Review But Will Investors Benefit
- Oct 2007
- Sep 2007
- Aug 2007
- Jul 2007
- Jun 2007
- May 2007
- Apr 2007
- Mar 2007
- Feb 2007
- Jan 2007
- Dec 2006
- Nov 2006
- Oct 2006
- Sep 2006
- Aug 2006
- Jul 2006
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
<< My Home | TheMoneyBlogs Home