Lee Enterprises, Incorporated (NYSE:LEE) Marks Four-Month High On Berkshire Hathaway Holdings – (LEE, MNI, GCI, AHC)

  on Jun 07,2012 Posted in Business News ,Featured
 
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Shares of Lee Enterprises, Incorporated (NYSE:LEE) scored the biggest gain since January 24 after Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) disclosed owning a stake. As of March 31, Berkshire held 1.66 million Lee shares, valued at around $2.12 million, according to a regulatory filing.

Omaha, Nebraska-based Berkshire had revealed this information about the holding on May 15 while disclosing other stakes in a filing with the U.S. Securities and Exchange Commission. The company’s request to keep the Lee information private was not accepted. Data tracked by Bloomberg showed that the ownership is 3.2 percent. Buffett has been raising stakes in newspapers, acquiring the Omaha World-Herald in 2011 and signing a contract in last month to take over 63 Media General Inc. (MEG) publications.

Based on valuation measures for Lee Enterprises, Incorporated (NYSE:LEE) the total value in the stock market, calculated after recent close, was $68.76 million and the enterprise value retrieved from yahoo data was $1.06 billion. In the trailing 12 months the price to sales ratio, was kept at 0.09.

To compare market capitalization and price/sales ratios across firms in a sector, the total value of The McClatchy Company (NYSE:MNI) in the stock market was $187.77 million and the takeover value of the company was $1.71 billion. The last twelve month price to sales ratio for the company was 0.15.

The total value of Gannett Co., Inc (NYSE:GCI) in the stock market after the latest trading session was $3.02 billion and the enterprise value $4.53 billion. In the previous 52 weeks the price to sales ratio was maintained at 0.58.

Comparing these companies with A. H. Belo Corporation (NYSE:AHC) their market capitalization after most recent trading session was $88.02 million and the enterprise value was $32.32 million. Price to sales ratio in prior 52 weeks was 0.19.

 



 

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