GCI - This Forgotten Deep Value Stock Is Down 64% This Year. It's Time to Buy.
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 (NYSE: GCI) , 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to do, Gannett is making progress at getting its financial affairs in order and transforming its business from an old, out-of-date print model to a more modern digital media business.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.
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This Forgotten Deep Value Stock Is Down 64% This Year. It's Time to Buy.