AHC - The Story At A.H. Belo Still Is Solid - Even If It's Not Quite Perfect
A.H. Belo (AHC) is a classic small-cap value play. There's cash on the balance sheet and real estate to be monetized. As is often the case in these situations, however, there's also a management team intent on pivoting away from a declining business, in this case the operation of the Dallas Morning News. That raises the oft-present conflict between what is best for shareholders - which in this case very well may be selling the company for parts - and what is best for management and the business (or even society, depending