This Forgotten Deep Value Stock Is Down 64% This Year. It’s Time to Buy. – The Motley Fool
Many stocks this year have simply been forgotten due to high inflation, rising interest rates, and brutal market conditions.
The traditional print newspaper business is a dying industry, and even the digital media space is not so easy to successfully navigate.
For this reason, it’s not a huge surprise to see that Gannett (GCI 0.25%), the largest newspaper publisher in the U.S. and the parent company of USA Today, has struggled in recent years. Issues in the news business have also been exacerbated by the pandemic and the ultra-high inflationary environment, which has brought the stock to extreme lows.
While there’s still a lot of work to do, Gannett is making progress at getting its financial affairs in order and transforming its business from an old, out-of-date print model to a more modern digital media business. With the stock off roughly 65% this year and trading at a beaten-down valuation, it’s time to buy. Here’s why.
Reducing debt
In 2019, New Media Investment Group, another…
The post This Forgotten Deep Value Stock Is Down 64% This Year. It’s Time to Buy. – The Motley Fool first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2022/11/11/this-forgotten-deep-value-stock-is-down-64-this-year-its-time-to-buy-the-motley-fool_2022111135564.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.