So far the positive news out of Dow Jones (DJ) that 4Q05 guidance was being raised has done little to rally the newspaper group. I think several factors are at work that reflect the unique mix of businesses at DJ vs. its newspaper peers: # DJ has very heavy exposure to B2B advertising from technology […]
Quick Summary: Earnings estimates have come down steadily all year and several companies have pre-announced earnings misses for 3Q05. The stocks should be trading well below historical multiples even if you believe that certain issues are cyclical. It is still too soon to take long positions in the group even though most of the stocks […]
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