More piling on, brought to you by Morningstar

[Birdscribe]

Given that the investment news/ratings service shares its name with a notorious medieval weapon, this is rather apropros.

http://news.morningstar.com/articlenet/article.aspx?id=249734

 

[Ace]

We still have a ways to go. Hooray!

 

[Aurelio]

At this stage, no dog would "use" a Gatehouse paper.

 

[Football_Bat]

We are most pessimistic about GateHouse Media, a publisher of low-circulation papers in rural and suburban communities. We think GateHouse's equity is worthless. The company has been an aggressive acquirer, which resulted in an unmanageable debt load. The company spent more than $1 billion last year to buy 70 small newspapers and a phone book publisher. We expect GateHouse's cash flows to decline in the coming years, but the company is already unable to meet its obligations. For the first quarter of this year, it did not earn enough to cover its interest expense, even before depreciation and amortization.

Wow.

 

[Michael_ Gee]

Considering all the weeklies and suburbans Gatehouse owns in these parts, this could be my big chance to become a publisher, if I can get my neighbors to kick in the other $20.