BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Analyst initiations 9-11-07: Select newspaper stocks and DM]]>http://www.bloggingstocks.com/2007/09/11/analyst-initiations-9-11-07-select-newspaper-stocks-and-dm/http://www.bloggingstocks.com/2007/09/11/analyst-initiations-9-11-07-select-newspaper-stocks-and-dm/http://www.bloggingstocks.com/2007/09/11/analyst-initiations-9-11-07-select-newspaper-stocks-and-dm/#commentsFiled under: ,

MOST NOTEWORTHY: Select newspaper stocks and Dolan Media were today's noteworthy initiations:
  • Banc of America initiated six stocks in the newspaper sector with Neutral ratings: Gannett (NYSE: GCI) was started with a $51.50 target, citing a lack of clarity into the company's acquisition strategy; New York Times (NYSE: NYT) was started with a $21 target, reflecting a lack of clarity into the company's acquisition strategy; E.W. Scripps (NYSE: SSP) was started with a $43 target, as the firm feels the company's Interactive division is a "big question mark" that could drag down company growth; McClatchy Co (NYSE: MNI) was started with a $26 target, as the firm is positive longer-term, but sees downside risk to 2007 consensus estimates; Lee Enterprises (NYSE: LEE) was initiated with a $19.50 target; Gatehouse Media (NYSE: GHS) was started with a $12.50 target.
  • Dolan Media (NYSE: DM) was initiated with an Outperform rating and $24 target at Piper Jaffray. Piper believes DM's Q3 guidance is conservative given the default rates in July and August and notes the company processes defaults in two of the three highest default rate states. Dolan Media was also started with a Buy rating and $26 target at Merrill Lynch and with a Buy rating and $28 target at Craig-Hallum.
OTHER INITIATIONS:

Analyst initiations 9-11-07: Select newspaper stocks and DM originally appeared on BloggingStocks on Tue, 11 Sep 2007 10:55:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analystcarnivalccldmdolan mediaDolanMediaew scrippsEwScrippsfirmgannettgatehousegcighsinitiationintcintelleelee enterprisesLeeEnterprisesmcclatchymicronmnimunew york timesNewYorkTimesnytomriomrixrclroyal caribbeanRoyalCaribbeansspsupervalusvuTue, 11 Sep 2007 10:55:00 EST<![CDATA[Major mover: Dolan Media Company (DM) jumps in debut]]>http://www.bloggingstocks.com/2007/08/02/major-mover-dolan-media-company-dm-up-in-debut/http://www.bloggingstocks.com/2007/08/02/major-mover-dolan-media-company-dm-up-in-debut/http://www.bloggingstocks.com/2007/08/02/major-mover-dolan-media-company-dm-up-in-debut/#commentsFiled under: ,

Dolan Media Company (NYSE: DM) saw a staggering surge of more than 20% in its market debut Thursday. Shortly before 3:30 p.m., Dolan shares were fetching $17.55, gaining more than $3 from its $14.50 offering price and beating expectations that topped out at $15.50. The offering totaled 13.5 million shares, 3 million more shares than expected.

Dolan Media Company is a Minneapolis- based business news publisher operating numerous print and online publications circulating mainly throughout the East Coast and Midwest . The company also provides many different business services for law firms, financial and real estate markets. Dolan Media was founded in 1992 by Jim Dolan and Cherry Tree Investments.

Major mover: Dolan Media Company (DM) jumps in debut originally appeared on BloggingStocks on Thu, 02 Aug 2007 15:12:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>DMDolan MediaDolanMediaIPOThu, 02 Aug 2007 15:12:00 EST<![CDATA[Dolan Media wants a piece of the IPO action]]>http://www.bloggingstocks.com/2007/04/27/dolan-media-wants-a-piece-of-the-ipo-action/http://www.bloggingstocks.com/2007/04/27/dolan-media-wants-a-piece-of-the-ipo-action/http://www.bloggingstocks.com/2007/04/27/dolan-media-wants-a-piece-of-the-ipo-action/#commentsFiled under: ,

Jim Dolan has an extensive background in journalism and even investment banking. He put this to good work by forming Dolan Media in May 1992. Since then, he's built a solid operation.

Now, he's taking his company public.

Dolan Media has a broad platform of information databases, web sites, journals, conferences and services for the legal, financial and real estate markets. A big part of the growth has come from aggressive M&A. Over its history, Dolan Media has purchased over 40 companies.

One interesting business is a proprietary database to process foreclosures and personal bankruptcies. I'm sure this is a business that has sprouted lately.

The company is a cash cow. Last year, revenues were $111.6 million and EBITDA was nice $28.8 million.

The lead underwriters include Goldman Group Inc. (NYSE: GS) and Merrill Lynch & Co. (NYSE: MER). The proposed ticker symbol is DM.

You can check out the prospectus at the SEC website.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Dolan Media wants a piece of the IPO action originally appeared on BloggingStocks on Fri, 27 Apr 2007 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Dolan MediaDolanMediagoldman sachsGoldmanSachsgsIPOmermerrill lynchMerrillLynchFri, 27 Apr 2007 09:30:00 EST