Lee Enterprises Inc. (LEE) filed Amended Annual Report for the period ended 2011-09-25.
Lee Enterprises Inc. has a market cap of $54.4 million; its shares were traded at around $1.21 with a P/E ratio of 1.6 and P/S ratio of 0.1. Lee Enterprises Inc. had an annual average earning growth of 0.9% over the past 10 years.
This is the annual revenues and earnings per share of LEE over the last
10 years. For
detailed 10-year financial data and charts, go to 10-Year Financials of LEE.
Highlight of Business Operations:
After advertising, print circulation is our largest source of revenue. In 2011 we implemented charges for digital access to our content in certain of our markets. According to Editor and Publisher International Yearbook data as reported by the NAA, nationwide daily newspaper circulation unit sales peaked in 1984 and Sunday circulation unit sales peaked in 1990. For the six months ended September 2011, our daily circulation units, which includes TNI and MNI, as measured by the Audit Bureau of Circulations (“ABC”) were 1.3 million and Sunday circulation units were 1.6 million. Comparable amounts for 2010 are not available due to extensive changes made by the ABC to the measurement of circulation units. The new ABC standards include updated measures for newspaper subscriptions that include hybrid and bundled digital editions, while continuing to address the growing market for paid content across multiple platforms, such as e-readers and mobile apps. These changes were effective in October 2010.
Read the The complete Report
The Strategy of Ben Graham – Warren Buffett’s Mentor
From 1923 to 1957 Warren Buffett’s mentor, Ben Graham, followed a strategy of investing in net-nets. He said: “It always seemed, and still seems ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the...net current assets alone…the results should be quite satisfactory. They were so in our experience, for more than 30 years.”
Today net-nets are rare. They are collected under GuruFocus’ Net-Net Screener. GuruFocus also publishes a monthly newsletter which recommends the safest net-nets. All of these are included in GuruFocus Premium Membership.
Click Here to Try It Free!
Print
Email
Subscribe RSS
