TJIrish

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    • Wed Nov 12th 11:30 AM
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      Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?
      I work in a union. Not Auto workers. Soo hey full disclosure. But I want to ask anyone reading these posts a question. Is it the union's fault that the Big 3 did not develop energy conserving automobiles like the Prius? Is it the union's fault for the lack of imagination at the Big 3 in developing automobile's people want to buy? Oil is under $60 a barrel. We are in a terrible mess. People aren't just buying cars. Look what Best Buy said today. Toyota stock has taken a huge hit along with the Big 3. It's not just about wage cost per car. It's management imagination and creativity that is also part of the issue. I read along time ago in an auto magazine a critic who said none of Big 3 have any original ideas and just copy others. Witness the bailout proposal. Where did they get that idea from?they saw the banks get bailed out. Now they want to be bailed out. What happened to GM's plan to ride out the storm til 2010 when it would save billion's from union managing it's own healthcare? Which is also around time of the VOLT being mass marketed? So don't just blame the unions. Blame should be placed everywhere with the Big 3!
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    • Mon Nov 10th 12:42 PM
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      'The Market and the Internet Don't Care if You Make Money'
      I won't argue your business model points. BUT what about Obama's election. Newspapers were sold out worldwide. My point is not that the author is wrong and newspaper CEO's do need to change. I bristle with the suggestion that Print is dead or will be dead. When that comment is made what is the meaning "Print will die." Does it mean newspapers will die or PRINT will die? There will always be PRINT! The day after Obama's election proves their is still an interest in Print. Now I know people did not run out to read the articles but rather bought the papers as a collector's item. Which is my point. Printing is more than newspapers. There is commercial printing, printing magazines, printing labels on wine bottles etc... Not everyone has a blackberry and not everyone wants to sit in doctor's office waiting room looking at a blackberry. Me? I rather read a magazine or a newspaper when I am sitting on the toilet taking a dump then looking at a high tech berry or holding a lap top. As for GOOGLE... Agree about their business model. But I know the CEO of Google takes no pleasure in seeing what has happened to the newspaper business. It's very expensive to do the expansive in depth reporting about an important issue. Newspapers and their websites such as the washington Post are still best equipped. When I read a major story I look to the Wall Street Journal, Wash Post, Slate or some other major media center online rather than a blog site.
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    • Fri Nov 7th 09:49 AM
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      The Financial Storm May Very Well Kill Print Media
      Agree about issues. However did you see what happened day after election. Newspapers were a hot commodity around country. Don't give me this BS about print is dead. Just as money changing hands wil never be dead. There is always a niche market that does not want to "change" and holds on to the old. Not everyone has a computer, satellite TV, cell phone etc... I notice that alot of columnists write these stories don't "SEE" this side of human nature. Too busy self involved in their own interests to recognize that others different from them don't think the same way. Don't get me wrong. Print has alot of issues. My own sense is that print companies who were struggling to get by will go under. A very select media companies that are diversified such as Wash. Post, NY Times, Gannett etc... Will survive. I know Gannett has invested in an online video company providing video to it's websites.
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    • Sat Sep 20th 15:34 PM
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      How Precious Is Silver?
      Since your talking politics. I would say the Bush Tax cuts will expire now in 2010 regardless if McCain wins. Country cannot afford them. Economy was not in crisis before the cuts. Just show I am not totally partisan. I believe Obama must admit he will have to scale back some of his tax cuts for middle class and spending programs. THAT is reality the banking crisis. Some fiscality by government and everyone is what this country needs. I myself have debt and been working to pay it off.
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    • Thu Aug 14th 10:30 AM
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      Am I Crazy to Own Gannett?
      Castreze your not stupid. Alot of people (the herd/Wall Street) are the one's who are stupid (same one's who gave us the great housing subtrime debacle). Disclosure: I work for Gannett. Am I going to tell you GCI is a great place to work for? Hell no. Cause it's not. But I if I am working in industry. GCI, WPO and maybe a few are best place to be. BTW did not choose work for GCI. They bought company I worked for several years ago. I work in production for GCI and will tell you we do ALOT of commercial printing has nothing do with GCI's newspapers at production plant I work for. I get sense GCI like see the local newspaper disolve so they could do more commercial printing where the $$ is alot more profitable. Looking at last qtr GCI ONLY made $225 million dollars for the qtr. Headlines screamed GCI profit down 36% from last qtr. Actually that headline is WRONG. GCI sold a couple papers in qtr 2 last year and it's profit was down 18%. Still a hit but 50% less than 36%. Interesting since Wall Street usually excludes one time charges or gains from earnings. The narrative however is newspapers are extinct so a 36% loss fits the narrative alot better than 18% loss. I am not putting lipstick on a pig. Newspaper companies face alot of issues but the economy is arguablly in a recession, housing market is hit hardest since great depression, newsprint cost increasing etc... Alot of headwinds against newspapers and many will most likely die or get consolidated. However in this environment GCI still made $225 mil in 2nd qtr and is working to try and drive internet content and AD revenue. Douglas C. lane (runs a $2 Bil fund with sterling track record) in recent Baron's invested in GCI and Buffet still owns 3.5 mil shares from long ago in GCI stock. Lane thinks GCI will make the transition and don't forget the online content. Minnyville newsletter predicts that someone such as Google or Microsoft could buy GCI for online news content someday in future. GCI still has great cash flow and it's not dying anytime soon. This is a very tough environment and GCI is trading at what you could argue is a pps that has placed all the bad news in it;s stock. If GCI survives long-term and proves the haters wrong about death of all newspapers. Entry point here years from now will be a bargain. Plus your getting an almost 9% divvy. If GCI cut that divvy for R&D or to pay off debt. I would not have a problem with that either. GCI in alot better position then all newspaper stocks except for maybe WPO and Scripps who split their company in two.
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    • Wed Aug 13th 16:47 PM
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      Too Late for Newspapers to Turn the Tide?
      On July 29th gannett announced it had mad a minority investment in Mogulus. A New York based Internet video platform. I know Gannett has been webcasting some video off it's newspaper websites. Indystar.com for example webcast Obama interview with Indianapolis Star Editorial board during the May primarys. It received high volume of hits. Is this the kind of video investment newspapers should make you speak of Ashkan?
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    • Tue Aug 12th 14:37 PM
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      Market Beater Douglas Lane's 4 Picks - Barron's Interview
      I agree 138602. The point is not that the market will go up 60%. The point is after hitting a bottom in 82 the market rose substantially the next 9 mos. Lane is saying market may retest low of 2008 which is 10,700 for DOW. However no one knows future and if the market doesn't retest 2008 low and you stay on sideline. You risk missing a nice possible upside. It's called risk/reward percentage.
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    • Fri Jul 25th 13:11 PM
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      Beyond 2Q Revenue Declines: AdMan's 9 Imperatives for New Growth
      I agree with above poster. Everyone knows what'sgoing on with industry. Anyone can point out all the problems. How many naysayers can actually offer solutions to the problems. Don't give me "there are no solutions" response. You find someone with innovative intelligent ideas that can be executed correctly. That person will find a solution to some of the problems in industry. BTW I work in print production at Gannett. The production plant I work for does alot of commercial printing that has nothing to do with the newspaper that hits the street. printing circulars for retail such a Rural King (1 million copies per week), Auto Books, Shop Local, Riverboat Gambling circulars plus many other Advertisers that are not in the local newspaper.
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    • Thu Jul 3rd 16:35 PM
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      Newspapers 'Rightsizing'? More Like Frightsizing
      Ken I appreciate your articles on the newsprint industry. As you mentioned in an earlier piece about McClatchy's coverage of Guantamano. Good journalists from quality brands are needed online and in print. Of course the bloggers will disagree. But who is of more quality. A news reporter who checks his facts etc... Or someone of Dredge's ilk? It's not a good thing what's happening to the industry. Not blaming the internet. That is lost advertising and the newspaper companies slow reaction to it's affect. As far back as 1991 Warren Buffett warned newspapers about the challenges ahead. Their was a collective yawn.

      One thing I will mention that you touched on regarding Tribune. Tribune is getting the headlines with it's massive cutting fueling the naysayers about industry. However in hindsight Zell's massive leveraged debt deal to buy Tribune should have been nixed. Tribune has a $4 Billion dollar debt/bond payment due at end of 09. This debt pressure is leading to the cuts at what were once quality papers. It's not good for Tribune, for employees, the industry or the public. Corruption in government is watched by the media.

      While the industry as a whole is facing tremendous challenges. No other media companies of Tribune's size are facing the kind of debt issues Tribune is facing. Maybe McClatchy but McClatchy got itself in trouble buying KnightRidder. Reality is no more buying up newspapers but instead buying online/web companies.
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    • Wed May 7th 12:49 PM
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      Newspapers: Not a Zero-Sum Game - A Minus-Sum Game
      I work at a Print publishing plant for Gannett. Don't ask about working for them because I never chose too (Company got bought out in 2000 by GCI). Excluding how I feel about Gannett. I can tell you that even in these troubling/downsizing times. We are printing all kinds of commercial print other than just newspapers. Print is changing and downsizing. But there will always be a segment of population that is not tech savvy. That will never have computers etc... Now my timeframe? Well how about my life time (I am 44). The key is finding a business model that keeps the companies if not thriving at least surviving. Case in point: WPO's Kaplan educational services. Newspapers can diversify there company. GCI offers a nice dividend at it's current price (over 5%).
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    • Mon Mar 31st 06:59 AM
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      Solar Stocks Show Signs of Life
      Himanshu, I bought STP at the price you are kicking yourself for not buying at: $30.51 on March 19th. I was kicking myself for not buying STP at $35 in August where it ran all way to $90 in january. I like long term view on Solar and to Phlly Jim who thinks Solar is a 70's pipe dream. News last week was Utility company in California is spending almost $900 mil to lease warehouses and put solar panels on them. Leading to cheaper, cleaner power. While it's tempting to take profits on such a runup in short time. I am going to stay long on STP. I am an investor not a trader. I am playing with house money at $30.50. Stop in at minus 10%.
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