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To: 04-Bravo; 1cewolf; aimhigh; andyandval; Arizona Carolyn; Bahbah; bert; bilhosty; Caipirabob; ...

ping


17 posted on 04/21/2011 10:23:31 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
Please note the line..

"...led to earnings of 4 cents a share BEFORE special items are EXCLUDED...."

I suspect it's even worse. I'm not going to waste my time digging into the numbers, but anyone remotely familiar with corporate accounting knows that including so-called "special items" ( usually translated as "one-time, non-recurring" are often used to cook the books, as long as the auditors are willing to sign off...which they usually do, unless it's blatantly egregious) could mean that the loss was far greater. It's the TREND LINE that the Times can't escape...

18 posted on 04/21/2011 10:35:43 AM PDT by ken5050 (Save the Earth..It's the only planet with chocolate!!!)
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To: abb

One percent return on revenue. Revenues dropping like a rock or the margin would be even smaller. Newsprint costs soaring; fortunately offset by a drop in circulation. Approximately 60 days operating expenses in cash, with that amount dropping at an annualized rate in excess of 20 percent. Credit lines tapped. Debt service coverage dismal.

I'd love to short their stock, and would too, if only they only weren't such a tempting takeover target to some not-too-bright over-endowed libtard with a hefty inheritance.

23 posted on 04/21/2011 12:14:05 PM PDT by Zakeet (I know Obama is level headed because he drools out of both sides of his mouth at the same time)
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To: abb
Photobucket

For the record, I did not put the sticker on there, but I would like to thank the person that did.

30 posted on 04/21/2011 8:27:23 PM PDT by Clay Moore (The heart of the wise inclines to the right, but the heart of a fool to the left. Ecclesiastes 10:2)
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