tag:blogger.com,1999:blog-6798074091942701235.post8629222283485245671..comments2024-03-29T01:35:09.550-04:00Comments on Can Turtles Fly?: What Does Everyone Think of the Newspaper Industry?Sivaram Vhttp://www.blogger.com/profile/06361276466660862882noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6798074091942701235.post-29586198436314311302008-07-09T21:37:00.000-04:002008-07-09T21:37:00.000-04:00I say stay away...Charlie Munger talks about inves...I say stay away...Charlie Munger talks about invested in growing companies that are very undervalued. There is nothing growing about the newspapers. I agree they may be able to hold pat, but the stock market will not reward them for that. The multiples will be lower for years to come if their margins don't grow.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-45859871492004638972008-07-09T09:48:00.000-04:002008-07-09T09:48:00.000-04:00K_Yew,What's your thesis for investing in NYT? Doe...K_Yew,<BR/><BR/>What's your thesis for investing in NYT? Does it mainly rest on them shifting successfully to the online world?Sivaram Vhttps://www.blogger.com/profile/06361276466660862882noreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-43448243837998139162008-07-09T04:51:00.000-04:002008-07-09T04:51:00.000-04:00I own some NYT shares, and you are correct--newspa...I own some NYT shares, and you are correct--newspapers or media stocks might be worth a look at these prices. You may also consider Barry Diller's companies.Matt Rafathttps://www.blogger.com/profile/13256519881560435397noreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-54049344069690874112008-07-08T11:58:00.000-04:002008-07-08T11:58:00.000-04:00I would expand your universe to take a look at Pea...I would expand your universe to take a look at Pearson Plc (PSO on NYSE, PSON on LON).<BR/><BR/>They have superior content (The FT and The Economist) that continues to get better relative to their competition and they've not only developed a superior content delivery strategy for the online world, they've executed the strategy quite well.<BR/><BR/>Note: not a recommendation to do anything, other than take a look.Unknownhttps://www.blogger.com/profile/14335699180486356748noreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-7260884619785158922008-07-08T11:55:00.000-04:002008-07-08T11:55:00.000-04:00Timing is tough and it's not my game... when do yo...Timing is tough and it's not my game... when do you suspect it might be better?<BR/><BR/>I'm thinking it's worth contemplating in a few months... my thinking is that the newspapers are going to post horrible earnings once the economic slowdown is evident (advertising will likely weaken over the next 6 months)... then it's worth looking at them... But beyond that, it's hard to see why you should wait. The main reason I would wait is to see who the losers are and then go with the winner. However, the stock price may go up a lot by the time that is obvious...Sivaram Vhttps://www.blogger.com/profile/06361276466660862882noreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-42934984442601336752008-07-07T19:43:00.000-04:002008-07-07T19:43:00.000-04:00Never wrong...just early..way way early!Never wrong...just early..way way early!Anonymousnoreply@blogger.com