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11.38 (1y: +95%)
Market Cap 1.16 B P/E(ttm) 11.60
Enterprise Value 1.88 B P/B 3.80
BLC- NYSE (USA)
Belo Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$11.38
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry		 vs
history
Cash to Debt 0.022
BLC's Cash to Debt is ranked lower than
97% of the 232 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.00 vs. BLC: 0.022 )
BLC' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.07
Current: 0.02
0.01
0.07
Equity to Asset -0.566
BLC's Equity to Asset is ranked lower than
571428% of the 175 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.55 vs. BLC: -0.566 )
BLC' s 10-Year Equity to Asset Range
Min: -0.68   Max: -0.27
Current: -0.57
-0.68
-0.27
Interest Coverage 3.3
BLC's Interest Coverage is ranked lower than
81% of the 170 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 60.20 vs. BLC: 3.3 )
BLC' s 10-Year Interest Coverage Range
Min: 2   Max: 4
Current: 3.3
2
4
F-Score: 7
Z-Score: 0.71
M-Score: -2.66
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry		 vs
history
Operating margin (%) 32.10
BLC's Operating margin (%) is ranked higher than
91% of the 174 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 11.50 vs. BLC: 32.10 )
BLC' s 10-Year Operating margin (%) Range
Min: -35.5   Max: 32.1
Current: 32.1
-35.5
32.1
Net-margin (%) 14
BLC's Net-margin (%) is ranked higher than
73% of the 161 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 10.00 vs. BLC: 14 )
BLC' s 10-Year Net-margin (%) Range
Min: -45.4   Max: 14
Current: 14
-45.4
14
ROE (%) 33.4
BLC's ROE (%) is ranked higher than
96% of the 153 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 10.40 vs. BLC: 33.4 )
BLC' s 10-Year ROE (%) Range
Min: -151.8   Max: 50.9
Current: 33.4
-151.8
50.9
ROA (%) 6.7
BLC's ROA (%) is ranked higher than
58% of the 158 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 5.50 vs. BLC: 6.7 )
BLC' s 10-Year ROA (%) Range
Min: -16.4   Max: 6.7
Current: 6.7
-16.4
6.7
ROC (Joel Greenblatt) (%) 122.90
BLC's ROC (Joel Greenblatt) (%) is ranked higher than
87% of the 155 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 38.70 vs. BLC: 122.90 )
BLC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -95.8   Max: 122.9
Current: 122.9
-95.8
122.9
Revenue Growth (%) 4.5
BLC's Revenue Growth (%) is ranked lower than
61% of the 96 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 5.40 vs. BLC: 4.5 )
BLC' s 10-Year Revenue Growth (%) Range
Min: -21.7   Max: 5.3
Current: 4.5
-21.7
5.3
» BLC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

BLC Guru Trades in Q2 2012

Joel Greenblatt 191,007 sh (+656.43%)
Jim Simons 257,152 sh (+126.57%)
John Keeley 2,429,790 sh (+0.99%)
Jeremy Grantham 290,700 sh (unchged)
Ken Fisher Sold Out
Steven Cohen Sold Out
Chuck Royce 949,554 sh (-0.11%)
Mario Gabelli 411,052 sh (-7.22%)
» More
Q3 2012

BLC Guru Trades in Q3 2012

RS Investment Management 495,419 sh (New)
Joel Greenblatt 197,431 sh (+3.36%)
John Keeley 2,461,060 sh (+1.29%)
Jeremy Grantham 290,700 sh (unchged)
Jim Simons Sold Out
Mario Gabelli 409,552 sh (-0.36%)
Chuck Royce 792,054 sh (-16.59%)
» More
Q4 2012

BLC Guru Trades in Q4 2012

Chuck Royce 3,348,314 sh (+322.74%)
Joel Greenblatt 271,444 sh (+37.49%)
John Keeley 2,527,418 sh (+2.7%)
Jeremy Grantham 291,277 sh (unchged)
RS Investment Management Sold Out
Mario Gabelli 387,852 sh (-5.3%)
» More
Q1 2013

BLC Guru Trades in Q1 2013

Jim Simons 272,600 sh (New)
John Keeley 2,709,430 sh (+7.2%)
Chuck Royce 3,564,180 sh (+6.45%)
Joel Greenblatt 274,477 sh (+1.12%)
Jeremy Grantham 291,277 sh (unchged)
Mario Gabelli 385,152 sh (-0.7%)
» More
» Details

Insider Trades

Latest Guru Trades with BLC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2012-12-31 Add 37.49%0.03%$7 - $8.17 $ 11.2249%271444
Joel Greenblatt 2012-06-30 Add 656.43%0.08%$5.65 - $7.22 $ 11.2278%191007
Joel Greenblatt 2012-03-31 Reduce -81.68%0.08%$6.55 - $7.99 $ 11.2266%25251
John Keeley 2011-12-31 Add 21.28%0.05%$4.45 - $6.61 $ 11.2291%2327410
Joel Greenblatt 2011-12-31 Add 30.8%0.02%$4.45 - $6.61 $ 11.2291%137850
Joel Greenblatt 2011-09-30 Add 134.37%0.05%$4.86 - $7.57 $ 11.2286%105389
John Keeley 2011-09-30 Add 24.01%0.04%$4.86 - $7.57 $ 11.2286%1919090
George Soros 2011-09-30 Sold Out 0.0022%$4.86 - $7.57 $ 11.2286%0
Joel Greenblatt 2011-06-30 Reduce -30.39%0.05%$6.93 - $9.08 $ 11.2246%44967
John Keeley 2011-06-30 Add 33.43%0.05%$6.93 - $9.08 $ 11.2246%1547560
George Soros 2011-06-30 New Buy$6.93 - $9.08 $ 11.2246%20900
Joel Greenblatt 2011-03-31 Add 59.12%0.06%$6.54 - $8.83 $ 11.2251%64601
John Keeley 2011-03-31 Add 50.92%0.05%$6.54 - $8.83 $ 11.2251%1159810
Mario Gabelli 2011-03-31 Reduce -45.38%0.02%$6.54 - $8.83 $ 11.2251%472301
Joel Greenblatt 2010-12-31 New Buy0.09%$5.6 - $7.23 $ 11.2278%40600
John Keeley 2010-12-31 Add 171.62%0.06%$5.6 - $7.23 $ 11.2278%768480
Jean-Marie Eveillard 2010-12-31 Sold Out $5.6 - $7.23 $ 11.2278%0
Jean-Marie Eveillard 2010-09-30 New Buy$5.17 - $6.67 $ 11.2289%9509
George Soros 2010-09-30 Sold Out $5.17 - $6.67 $ 11.2289%0
Mario Gabelli 2010-06-30 Reduce -27.29%0.01%$5.83 - $9.26 $ 11.2250%748121
George Soros 2010-06-30 New Buy$5.83 - $9.26 $ 11.2250%12100
John Keeley 2010-03-31 Add 200.07%0.02%$5.44 - $7.61 $ 11.2271%276060
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Belo Corporation

Money for Nothing and an Old Newspaper for Free – A. H. Belo
February 4, 2013
- Money For Nothing And An Old Newspaper For Free – A. H. Belo
The investment thesis for A. H. Belo is simple. The company has no debt, $70 million of excess real estate and $40 million of cash in the bank. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 11.60
BLC's P/E(ttm) is ranked higher than
78% of the 163 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 19.70 vs. BLC: 11.60 )
BLC' s 10-Year P/E(ttm) Range
Min: 6.76   Max: 147.85
Current: 11.6
6.76
147.85
P/B 3.80
BLC's P/B is ranked lower than
81% of the 221 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.71 vs. BLC: 3.80 )
BLC' s 10-Year P/B Range
Min: 0.19   Max: 11.86
Current: 3.8
0.19
11.86
P/S 1.60
BLC's P/S is ranked lower than
53% of the 234 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.46 vs. BLC: 1.60 )
BLC' s 10-Year P/S Range
Min: 0.08   Max: 1.87
Current: 1.6
0.08
1.87
PFCF 9.70
BLC's PFCF is ranked higher than
74% of the 152 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 15.47 vs. BLC: 9.70 )
BLC' s 10-Year PFCF Range
Min: 0.45   Max: 18.68
Current: 9.7
0.45
18.68
EV-to-EBIT 8.5
BLC's EV-to-EBIT is ranked higher than
81% of the 179 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 14.61 vs. BLC: 8.5 )
BLC' s 10-Year EV-to-EBIT Range
Min: 6.4   Max: 22
Current: 8.5
6.4
22
Shiller P/E 19.7
BLC's Shiller P/E is ranked lower than
100% of the Companies
in the Global Broadcasting - TV industry.

( Industry Median: vs. BLC: 19.7 )
BLC' s 10-Year Shiller P/E Range
Min: 2.71   Max: 22.39
Current: 19.7
2.71
22.39

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 2.90
BLC's Dividend Yield is ranked higher than
64% of the 117 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.07 vs. BLC: 2.90 )
BLC' s 10-Year Dividend Yield Range
Min: 0.76   Max: 54.55
Current: 2.9
0.76
54.55
Dividend Payout 0.3245
BLC's Dividend Payout is ranked higher than
69% of the 83 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.50 vs. BLC: 0.3245 )
BLC' s 10-Year Dividend Payout Range
Min: 0.17   Max: 0.36
Current: 0.32
0.17
0.36
Dividend growth (3y) 17.9
BLC's Dividend growth (3y) is ranked higher than
64% of the 33 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 10.70 vs. BLC: 17.9 )
BLC' s 10-Year Dividend growth (3y) Range
Min: -100   Max: 17.9
Current: 17.9
-100
17.9
Yield on cost (5-Year) 3.00
BLC's Yield on cost (5-Year) is ranked higher than
65% of the 121 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.16 vs. BLC: 3.00 )
BLC' s 10-Year Yield on cost (5-Year) Range
Min: 0.76   Max: 54.55
Current: 3
0.76
54.55
Share Buyback Rate -0.4
BLC's Share Buyback Rate is ranked lower than
3448272% of the 29 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.90 vs. BLC: -0.4 )
BLC' s 10-Year Share Buyback Rate Range
Min: 3.4   Max: -1.7
Current: -0.4

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 12.5
BLC's Price/Net Current Asset Value is ranked higher than
50% of the 153 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 13.30 vs. BLC: 12.5 )
BLC' s 10-Year Price/Net Current Asset Value Range
Min: 1.8   Max: 15.2
Current: 12.5
1.8
15.2
Price/DCF (Projected) 0.9
BLC's Price/DCF (Projected) is ranked higher than
68% of the 88 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.30 vs. BLC: 0.9 )
BLC' s 10-Year Price/DCF (Projected) Range
Min: 0.1   Max: 1.2
Current: 0.9
0.1
1.2
Price/Median PS Value 1.4
BLC's Price/Median PS Value is ranked lower than
67% of the 224 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.20 vs. BLC: 1.4 )
BLC' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 1.6
Current: 1.4
0.2
1.6
Earnings Yield (Greenblatt) 11.70
BLC's Earnings Yield (Greenblatt) is ranked higher than
80% of the 186 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 6.70 vs. BLC: 11.70 )
BLC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.6   Max: 15.7
Current: 11.7
4.6
15.7
Forward Rate of Return (Yacktman) 7.87
BLC's Forward Rate of Return (Yacktman) is ranked lower than
59% of the 76 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 9.11 vs. BLC: 7.87 )
BLC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.5   Max: 22.9
Current: 7.87
1.5
22.9

Business Description

Belo Corporation is a Delaware corporation. It began as a Texas newspaper company in 1842. The Company operates as a publicly-traded pure-play television company. It owns 20 television stations (nine in the top 25 U.S. markets) that reach more than14 percent of U.S. television households, including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates, and their associated Web sites, in 15 highly-attractive markets across the United States. The Company also owns two local and two regional cable news channels and holds an ownership interest in one other cable news channel. Its television broadcasting operations began in 1950 with the acquisition of WFAA-TV in Dallas/Fort Worth, shortly after the station began operations. The Company has six stations in the 13 largest U.S. markets and 13 stations in the 50 largest U.S. markets. Its stations are concentrated mainly in three regions: Texas, the Northwest and Arizona. It has a balanced portfolio of broadcast network-affiliated stations, with four ABC affiliates, four NBC affiliates and five CBS affiliates, and at least one large-market station associated with each network. It also owns two independent (IND) stations, two CW affiliates, two MNTV affiliates, and one FOX affiliate. The Company has network affiliation agreements with ABC, CBS, NBC, FOX and CW. The Company also owns two regional cable news operations, Texas Cable News (TXCN) in Dallas/Fort Worth, Texas, and Northwest Cable News (NWCN) in Seattle/Tacoma, Washington, and two local cable news operations, 24/7 NewsChannel in Boise, Idaho, and NewsWatch on Channel 15 in New Orleans, Louisiana. These operations provide news coverage and certain other programming in a comprehensive 24-hour a day format using the resources of the Company's television stations in Texas, Washington, Oregon, Idaho and Louisiana. The Company's competitors include other broadcast stations, cable and satellite television channels, local, regional and national newspapers, magazines, radio, direct mail, yellow pages, the Internet, mobile devices and other media. The Company's television broadcast operations are subject to the jurisdiction of the Federal Communications Commission, or FCC, under the Communications Act of 1934, as amended.
Company Website
SEC Reports
Industry: Broadcasting - TV
Compare:TV, CBS, GTN, SKDTY, TVBCY
Traded in other countries:BES.Germany, BLCBB.USA
» More Articles for BLC

Headlines

Articles On GuruFocus.com
The 10 Best Yielding Ex-Dividend Stocks on Feb. 6, 2013 Feb 05 2013 
Money for Nothing and an Old Newspaper for Free – A. H. Belo Feb 04 2013 
23 Stocks Raising The Dividend Growth Bar Mar 05 2012 
Guru Stocks Raising Dividends: BLC, TCO, WMT, EXL, WRI Mar 05 2012 
Media General: Newspaper Sale Could be a Game Changer Feb 26 2012 
Belo Corp. Series A Reports Operating Results (10-Q) Oct 28 2010 
Belo Corp. Series A Reports Operating Results (10-Q) Jul 30 2010 
John Keeley Buys NBTY Inc., NCR Corp., CIT Group Inc., The First American Corp., Sells ABB Ltd., Cor May 12 2010 
Belo Corp. Series A Reports Operating Results (10-Q) May 04 2010 
Belo Corp. Series A Reports Operating Results (10-Q) Nov 05 2009 

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