first time writer ever..this is my two cents on this stock.
if you compare there contingent tax liabilities over last year...they
have reduced that by close to 450MM. So that is an improvement and
hopefully if they can resolve the issues with outstanding tax
liability with US tax department, it should give their balance sheet a
lot of respectability...currently it is bad but again better than last
year.
What concerns me the most is their inability to cut costs..they are
significantly behind the curve in terms of cutting costs. Even when
their revenues are falling, management seem to be slow in acting to
trim down these expenses...though granted it is easier said than done.
But I would watch out for cost column.
Last, revenues...need to see some spark here. With increasing use of
internet, I wonder where the advertizing revenues would stabalize for
newspapers. Any comments are welcome on this.