1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

John Rogers Comments on Meredith Corp.

July 25, 2013 | About:

Magazine publisher Meredith Corp. (MDP) soared +25.91% due to an earnings beat. Specifically, the company reported adjusted EPS of $0.72 versus consensus of $0.68. Revenues climbed 7% to $370 million, topping estimates of $355 million. A primary driver of results was advertising revenues—both national and local advertising increased substantially. In addition, the company brought down net debt from $340 million at the beginning of the year to $331 million as of the earnings announcement on April 25th. We believe the company has traversed a tricky landscape well over the last few years, sticking to its core competencies and smartly improving its already solid balance sheet.

From John RogersAriel Appreciation Fund Second Quarter 2013 Commentary.


Rating: 4.0/5 (3 votes)

Comments

Please leave your comment:


GuruFocus has detected 8 Warning Signs with Meredith Corp $MDP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


murph4297Buyback, Debt, P/S
jont017Banks
dsvitaleValue Screen
alphahsHSValGrowth
hcgaron3rd F-Screen
shadowarriorFCF Eur
shadowarriorvalueEur
DANGORDONJ GREEN 3-28-17
murph4297Rick1
whstock32LFCF-dd
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK