Thursday, November 23, 2017
Be Thankful That You Didn't Go Into The Newspaper Business: Q3 Hard Luck For Kansas City Star Parent Company Stock!!!
A very special thanks to some of the brighter denizens of our blog community who keep us abreast of all the important financial news that's significant for Kansas City . . .
Accordingly, while there are some encouraging signs for McClatchy stock - The parent company of the Kansas City Star suffered another horrific quarter and recently had to report its progress (or lack thereof) to shareholders.
Here are just a few of the McClatchy (MNI) lowlights that stand out . . .
- Revenues of USD 212.60 million, Net Earnings of USD -260.48 million.
- The company reported an adjusted net loss of $5.9 million in the most recent quarter.
- Year-on-year change in operating cash flow of -83.66% is about the same as the change in earnings.
For those who pick or bet against stocks on the basis of charts . . . Experts tell us that the tend lines look much worse.
You decide . . .