Thursday, May 23, 2019

The McClatchy Company (MNI)

Is The Slide Over?

The McClatchy Co is the third-largest newspaper publisher in the United States, operating 30 dailies and approximately 50 nondaily publications in 29 markets nationwide. 

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating. 

• Option value. We are raising our rating on the MNI shares to
  Outperform for speculative investors based on the prospect of an acceleration
  in debt pare down, stabilizing cash flow and improving debt leverage ratio. 
• Q1 review. Q1 results were below our expectations on both revenues and
  cash flow. The results reflected strategic decisions to increase paywalls for
  its Digital businesses and restructurings. Notably, there were signs of…

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