Published in
M2 PressWIRE
on Friday, 09 May 2008 at
17:56 GMT
Copyright (C) 2008, M2 Communications Ltd.
MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Investors wanting to know the truth about investing and how to consistently profit from whatever the markets throw our way should sign up to www.maybachfinancial.com for a free trial subscription. Through our numerous partnerships with many of the top investment minds in the world, we provide research on every company making a move in the markets. Investors seeking genuine analyst opinions on their investments for should take this opportunity to get free in-depth research on numerous publicly traded companies by becoming a member today. On Friday, May 9, 2008, we have added GateHouse Media Inc. (NYSE: GHS) to the list of potential prospects.
***Please visit our site to find genuine analyst reports on numerous publicly traded companies
GateHouse Media Inc. was down less than $0.20 on below average volume early trading Friday, May 9, 2008. They recently announced the following:
Friday, May 9, 2008 - GateHouse Media, Inc. reported financial results for the quarter ended March 31, 2008.
The Company reported total revenues of $168.9 million in the quarter, an increase of 78.4% over the prior year. As Adjusted Revenues increased to $170.9 million, or 77.0% over the prior year. On a same store basis, As Adjusted Revenues declined 4.2% in the quarter, outpacing newspaper peers which averaged a double-digit decline.
Operating income declined less than $1.0 million for the first quarter to $1.2 million. As Adjusted EBITDA nearly doubled over the prior year to $30.1 million and on a same store basis increased 1.4%, significantly outperforming industry peers. Excluding corporate costs, As Adjusted EBITDA increased 2.9% on a same store basis.
GateHouse Media's management utilizes As Adjusted Revenues and As Adjusted EBITDA to evaluate the Company's performance, cash flows and liquidity because these metrics exclude non-cash items such as depreciation and amortization, non-cash compensation expense and one-time costs associated with integrating acquisitions and realizing synergy cost savings. GateHouse Media also uses As Adjusted EBITDA, excluding corporate costs, to assess the performance of its core local businesses.
Michael E. Reed, GateHouse Media's Chief Executive Officer, commented, "While the first quarter operating environment remained very challenging, our business strategy remains sound and continues to yield performance significantly better than the newspaper industry at large and positions us very well for growth with an economic recovery. Our solid, steady performance against the current economic headwinds is a result of our focus on operating strong local media franchises in smaller markets combined with our acquisition strategy of identifying attractively valued assets.
Our initial coverage of companies, updated daily, will include research in the following areas:
* Margin changes, specifically operating, gross, and then net
* The pace and quality of top line growth
* The ability to generate cash
* The pace and quality of the bottom line growth
* Market share gains
* Innovation/pipeline
* Corporate governance
* Management's ability to operate in unfavourable environments
* The ability of management to control acquisitive growth and achieve accretive results
Whether trading on the NYSE, Nasdaq, Amex, TSX or TSX-V, our highly experienced research team will investigate prime investment opportunities on behalf of the MaybachFinancial.com subscribers to offer a comprehensive look at what is happening and why. Sign up today at www.maybachfinancial.com for a free 90-day subscription.
In addition to the analyst reviews, receive a complimentary subscription to the Maybach Service and receive at no cost our "Special Report #1: Protecting Our Future,""Special Report#2: Hearing is Believing," and a new report to be released shortly. No credit card or payment information is required.
Research reports are posted prior to market open to ensure investors get the latest information, as they need it. The reports vary by sector and markets by looking at various aspects of each company in an effort to provide an unbiased view and provide pertinent information so investors can make informed decisions regarding their portfolios.
Investors can gain access to this research by signing up at www.maybachfinancial.com for a complementary 90-day trial. Sign up today to avoid missing out.
Have a company you are following? Want more in-depth information? Become a subscriber to submit your request to us via email to info@maybachfinancial.com all members' requests will be completed. It's easy, just go to www.maybachfinancial.com and sign up then email us at info@maybachfinancial.com with the subject line (stock review).
Maybach Financial (Maybach) is not a registered broker dealer or a registered investment advisor. However, we do use information from licensed analysts. No information accessed through the Maybach Web site or this release constitutes a recommendation to buy, sell or hold any security in any jurisdiction. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. There is no financial relationship that exists between the issuer of this release and the company whose stock is mentioned in the release.
Analyst reviews may or may not contain all the information listed above as each opinion and review varies with each company reviewed.
Please view the disclaimer at http://www.maybachfinancial.com/terms.php Statements made in this release may include forward-looking statements and projections, made in reliance on the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Maybach has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. Maybach makes these statements and projections in good faith, neither Maybach nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved. All material herein was based upon information believed to be reliable. The information contained herein is not guaranteed by Maybach to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Maybach assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Maybach, whether as a result of new information, future events, or otherwise.
For further information, please contact:
Maybach Financial
e-mail: info@maybachfinancial.com
Release date: 09 May 2008
