Coca-Cola (the drink, not the company) was on my mind constantly just two weeks ago, while in the Dominican Republic on a 10-day trip. My appetite destroyed, the only thing I craved was Coke.
Served in glass bottles, it is made with pure cane sugar in the Dominican, not corn syrup as it is in the United States. What a difference in taste. Fortunately, Costco (COST) sells Mexican Coke, made the same way, by the case, and it's worth the extra cost.
Now that I've had the pause that refreshes, there was another earnings release that, like Coca-Cola, I've had my eye on.As a value investor, one quarter's results typically mean very little to me. But in this case, it's a name that has garnered little respect but has managed to beat estimates often in the past three years. With each successive quarter, as the name continues to do a bit better than analysts expect on the earnings front, we get a bit closer to investors regaining some respect for the company. At least that's my hope. The company is Gannett (GCI), best known for newspapers, and in particular for being the parent of USA Today. Therein lies the reason that investors are not enamored with the company -- the newspaper business has not been a great place to be. Advertising has been in the toilet, and some prefer to get their news on the net. While I will always be a newspaper reader, it's clear that the industry's best days are indeed behind it. But there is more to Gannett than newspapers, and furthermore, the company has been proving that it can still generate significant amounts of free cash flow, pay generous dividends and buy back shares. Second-quarter revenue, announced Monday, fell 2.1%, in line with estimates. However, earnings came in at 56 cents a share, ahead of the 52-cents consensus estimate. The publishing segment is continuing to show weakness, and revenue fell 5.8%.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV