Knight-Ridder: Cheap But No Earnings Growth

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Knight Ridder (KRI) reported results in line with reduced expectations following management’s lower guidance a month ago. Excluding unusual items EPS came in at 67 cents, down 18% from a year ago. Revenue was flat and shares outstanding were down about 10% so the problem in the quarter relative to its industry peers was on […]

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Swapping Some Small Cap For Large Cap

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Although I rarely make a trade intra-month in Northlake’s model driven ETF investments, last Wednesday morning I moved half of the small cap value exposure to large cap value. This resulted in a swap of the Russell 2000 Value ETF (IWN) into the Russell 1000 Value ETF (IWD)….

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