I bought into FXJ avg 39c for the first time for patriotic reasons and because it was too cheap. There are still two camps out there - one that thinks newspaper companies don't have a future and their revenue is gone and those who think they will morp into something that people will continue to read and that a combination of advertising and cover price/subscription will come through.
I'm in the second camp because I think the big old media including old TV, ABC, NWS and FXJ still has the authority that is needed to make, break and start a story which we all pick up on.
FXJ just has to do the right things to make the transition into the new world.
Over all I like what they are doing. FXJ is sounding confident but know they are up against it - both good things. I don't think the sp is over valued at this point.
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I bought into FXJ avg 39c for the first time for patriotic...
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