Tuesday, September 29, 2009

Gannett to raise $400 million-The short thesis is toast!


Oh boy--the shortseller thesis is crumbling on this number that I've been touting!

$200 million due in 2014, and $200 million due in 2017.

And GCI is now touting earnings for the quarter of 39 to 42 cents versus the 29 cents Wall Street estimated. And the shorts weren't ready for a pre-release! They thought earnings would come in after the October option expiration!

Another bear shot!!

Here's the first headline on the story from Dow Jones:

Gannett Co. (GCI) projected third-quarter earnings well above analysts' expectations as the nation's largest newspaper publisher announced plans to sell $400 million in five- and eight-year notes as it joins the raft of companies raising fresh capital to pay off other debt

Trading up over 10% in the pre-market to $11.40! It has a lot of room to go!

What ever happened to the joker that bought all the puts on this name? Who then had it advertised all over Wall Street?

Oh my--Such a scary proposition. Someone must "know something." Isn't that what we heard?

What happened to the joker with the phony after hour prints on this number?

So what did they know?

Nothing!

Just another false advertisement spun up on Wall Street!

And now the 44 million shorts have to deal with this story.

And deal with the fact the business is turning for GCI, and that their debt is being re-financed.

And deal with the fact, that the short's story, was laid out with all their scheming, real time, as it happened here.

And now, today, we get to eat their lunch!

After all, we need to do some advertising also!!

51 comments:

Anonymous said...

I hold Oct 10s bought at .80

Once again, thanks!

A professional options trader I'm familiar with likes to claim that no one on earth can consistently make money on straight directional option plays.

You sir, are challenging that thesis.

Well done.

Palmoni said...

Hey thanks a ton!

This one was sweet because it was a fight every inch of the way!

All this crap they threw at the stock trying to challenge the bullish thesis.

A good day today!!

Anonymous said...

What a great call! Thank you very much! As Advertised!!!!

Your previous touts where 12 then 17...its past 12...where do you see this going?


Fabulous call!!!

Palmoni said...

I think its going to 17 after it consolidates here for just a little bit--Remember a few weeks back when we hit 10.77, and then we pulled back? That was a good base. We hit like 12.80 in the pre-market, but then we had this pullback this morning from those highs.

We are now just building a higher base

Let the high frequency traders shake the tree a bit, but then, we go higher.

This market never lets a stock run during the day. It does it over many days. And that's part of the reason the bears are so frustrated. They are the ones though, trying to knock down the stocks and make the charts say something.

And you could see it. The first resistance was in the 12ish area with just a little bit of supply on the charts. So maybe some of the long suffering holders from there bailed.

But after that, it looks to 17!

It will take some time but GCI had cash flow of $250 million for the quarter. Things are getting better, but it never is acknowledged by the cynics in this market.

Only after enough time passes, and everyone forgets their bearishness, do they come back with their revisionist thinking as chronicled on this blog--(without naming names!)

And then they'll tell us things are good!

Anonymous said...

do you plan to hold until 17 or take some gains off to put the money elsewhere?

Anonymous said...

i think they are trying to beat it down already

http://www.marketwatch.com/story/gannett-rise-is-no-cause-for-a-victory-lap-2009-09-29

palmoni said...

Benchmark is just another schill for the shorts. It is really amazing to me that these bears take their death by a thousand cuts. If the stock was 14 today they would recognize that they were wrong. Instead they just Kay out more shirts trying to stop the stock. And that's why these folk missed the huge rally. All if a sudden they'll wake up and say WTF I'm toasted. In the meantime they live in denial. What us with these analysts not recognizing the turn? How can they be so daft? Do they have any idea what us going to happen when we have a turn on the margin? What a bunch of babies. We are in a massive unheralded bull market that people are missing not recognizing the pe expansion happening right under their nose! Look at Peter Theil today he us telling the world that this rally, of which he missed all if it isn't real. Says who? Him? Last I checked I was able to get real dollars off my winnings! He's still on the paypal planet instead if getting out of the bullpen! Whatever. I've never seen such an unloved market and such unrepentantness by those bearish! I hate it when I get bagged by a stock. How do they not get affected when things turn against them. But maybe that's just Peter he can't switch sides now! Not that there's anything wrong with it!

Anonymous said...

it take a long time to become a bull if you've been a bear and you'll never catch the rally that you just missed unless you get in.

i was a bear from 666 to like 900...and finally said there is no point being a bear...take the losses and start over and you know what...with your help Palmoni i've been able to slowly...very slowly recover...it's slow but i'm heading in the right direction.

So keep up the great work Palmoni!!!!

Anonymous said...

would there be any chance where this stock can drop right before or after the actual earnings release date?

Palmoni said...

I don't think so. They should already have sandbagged the earnings beat. They'll hit the high end. Just like the $400 million offering--it turned into $500 million.

700 magazines, 84 newspapers, 23 TV stations, CareeBuilder, USA Today and a huge presence in the UK--these assets are being reflected in the current stock price

Anonymous said...

Palmoni

I finally caught your joke. Peter Thiel (you misspelled his last name)can't switch sides because he's gay! He couldn't bare to switch sides.

Now the Seinfeld line "not that there's anything wrong with it" makes sense

you're a funny guy

Anonymous said...

look at [URL=http://www.karenmillen--outlet.com/]karen millen sale[/URL] online cDbeAhly [URL=http://www.karenmillen--outlet.com/ ] http://www.karenmillen--outlet.com/ [/URL]

Anonymous said...

Newton's first year stats are impressive passing for 3,893 passing yards and rushing for 674 while scoring a combined 34 touchdowns360career This dual walled bottle can hold any hot beverage at a high temperature for a long time If she is educated she can guide her children in proper way, can manage her home systematically, and if she is financially independent, it will be more helpful economically also Which one is the better choice- DirecTV sports program or the multiple sports packages of DirecTV? Let us now throw some light on this matter:To begin with DirecTV has already established its foray for offering multiple sports and games starting from local games to international sports tournaments like ICC, NBA and a lot more These type of battles can remind you why you adore your team so much, and why you despise one other team!To purchase any of those , you can mind reducing for the neighborhood sporting products store Quality It's difficult to determine when ordering online
So based on the odds and current six favorites, NFL Jerseys China the Suck For Luck series involves wholesale jerseys from china four head-to-head matchups from here, starting with Broncos at Dolphins in nine days Defensive end Frostee Authentic NFL Jerseys China Rucker has wholesale jerseys free shipping two sacks in his past three games and fellow Stitched end Carlos Dunlap had a sack in last year's loss to the Colts He possibly could play tight endNew York had also done well in that department in winning three of Authentic NFL Jerseys its first four contests of 2011, but returned wholesale nfl jerseys china to the error-filled ways that often plagued the team a season ago It looks so outstandingJ This team finished 0 0, marking the only winless team in franchise historyIsn't it about time you helped contribute to the team's purse by getting hold of their latest jerseys
The newest vendor on the market is Venum, located in Brazil, and the company is taking the MMA world by stormIf you are looking for cheap authentic basketball jerseys,football jerseys or hockey jerseys,we will be your best choice Labs are a well-balanced and versatile breed, adaptable to a wide range of functions It has a student population of over 32,000 students, of which over 9,000 are graduate studentsMsoNormalTable{mso-style-name: Table Normal ;mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent: ;mso-padding-alt:0in 5 Backcountry has a band of superior alfresco accouterment that is bought by humans that wish to attending acceptable and aswell humans that charge able accouterment for hiking

[url=http://www.officialtexansfanstore.com/kevin-walter-jersey-cheap]Kevin Walter Jersey[/url]
[url=http://www.officialtexansfanstore.com/whitney-mercilus-jersey-cheap]Whitney Mercilus Jersey[/url]
[url=http://www.nikebroncosjersey.com/nike-champ-bailey-womens-jersey]Champ Bailey Orange Jersey[/url]

Anonymous said...

buy a ryGOWuTK [URL=http://www.louis--vuitton--online--shop.org/ - louis vuitton online shopping usa[/URL - with low price LlCGQjDJ [URL=http://www.louis--vuitton--online--shop.org/ - http://www.louis--vuitton--online--shop.org/ [/URL -

Anonymous said...

buy a rzQPtfBI [URL=http://www.moncler-outlet2013.org/ - moncler jackets[/URL - online shopping VeEvDxvr [URL=http://www.moncler-outlet2013.org/ - http://www.moncler-outlet2013.org/ [/URL -

Anonymous said...

you will like dcRoZMvM [URL=http://www.replica-handbags2013.com/]replica handbags[/URL] , just clicks away EXpaPwFI [URL=http://www.replica-handbags2013.com/ ] http://www.replica-handbags2013.com/ [/URL]

Anonymous said...

top [url=http://www.c-online-casino.co.uk/]free casino games[/url] brake the latest [url=http://www.casinolasvegass.com/]casino bonus[/url] manumitted no set aside bonus at the best [url=http://www.baywatchcasino.com/]online casino
[/url].

Anonymous said...

buy best pcUnJGFF [URL=http://www.moncler-outlet2013.org/]moncler vest[/URL] for more vwYBDvlL [URL=http://www.moncler-outlet2013.org/ ] http://www.moncler-outlet2013.org/ [/URL]

Anonymous said...

you definitely love [URL=http://buylouisvuitton.livejournal.com/]buy louis vuitton bags[/URL] for more UwgRDjPa [URL=http://buylouisvuitton.livejournal.com/ ] http://buylouisvuitton.livejournal.com/ [/URL]

Anonymous said...

check [URL=http://coachhandbagsonlinehh.iwannayou.com/]outlet coach[/URL] for gift GnYjdogE [URL=http://coachbagsoutletkk.blag.gy/ ] http://erekod.smkseta.com/coachoutletsalefj/ [/URL]

Anonymous said...

you must read HdXhQpux [URL=http://www.cheap--coachpurses.webs.com/]fake coach purses[/URL] , for special offer queBSoqb [URL=http://www.cheap--coachpurses.webs.com/ ] http://www.cheap--coachpurses.webs.com/ [/URL]

Anonymous said...

buy tramadol buy tramadol 200mg - tramadol hcl to get high

Anonymous said...

buy tramadolcheap no prescription buy tramadolcod next day delivery - order tramadol online overnight

Anonymous said...

buy generic tramadol online buy tramadol overnight delivery - buy tramadol online cheap

Anonymous said...

buy tramadol cod online buy tramadol cheap - buy generic tramadol no prescription

Anonymous said...

buy tramadol tramadol cheap - buy tramadol overnight delivery

Anonymous said...

purchase tramadol buy generic tramadol no prescription - buy tramadol180

Anonymous said...

buy tramadol ultram buy tramadol cash on delivery - buy tramadol rx

Anonymous said...

buy tramadol no prescription overnight buy tramadol - buy tramadol online with mastercard

Anonymous said...

buy tramadol online with mastercard buy tramadol online mastercard overnight - purchase tramadol

Anonymous said...

tramadol without prescription buy tramadol online no prescription cheap - tramadol 100mg

Anonymous said...

buy cytotec pills online - buy cytotec abortion - buy misoprostol in uk

Anonymous said...

buy cytotec abortion pill - cytotec buy online - cytotec buy online

Anonymous said...

generic cytotec for abortion - where to buy cytotec in usa - where to buy misoprostol in singapore

Anonymous said...

where to buy cytotec in usa - buy cytotec dubai - buy misoprostol in australia

Anonymous said...

buy tramadol without rx buy tramadol with mastercard - buy discount tramadol

Anonymous said...

discount lipitor no prescription or buy seroquel xr 150 mg or mail order abilify

Anonymous said...

buy tramadol no prescription or buy generic tramadol no prescription or buy tramadol onlinereviews

Anonymous said...

buy tramadol cash on delivery or buy tramadol with paypal or buy tramadol for dogs

Anonymous said...

where to buy ambien online with no prescription order ambien online - buy ambien next day delivery

Anonymous said...

buy ambien cr no prescription buy ambien online legally - buy ambien cr 12.5mg online

Anonymous said...

where buy ambien buy ambien sleeping pills uk - where to order ambien online

Anonymous said...

order ambien online purchase ambien online overnight - buy ambien cheap online

Anonymous said...

buy ambien with mastercard buy ambien mexico - buy ambien from mexico

Anonymous said...

where to buy generic ambien buy ambien zolpidem - where is the best place to buy ambien online

Anonymous said...

buy ambien thailand buy ambien cr canada - purchase ambien from canada

Anonymous said...

buy ambien online europe buy ambien canada - where can i buy ambien in canada

Anonymous said...

buy ambien malaysia buy ambien 5mg - buy generic ambien cr

Anonymous said...

играть в казино покер or онлайн казино betfair or казино онлайн без денег or рулетка онлайн общение or рулетка онлайн кидалово or играть в рулетку на виртуальные деньги

Anonymous said...

играть в казино на деньги без вложений or казино онлайн easypay or казино онлайн легально or казино онлайн через смс or евро рулетка онлайн or играть в русскую рулетку онлайн бесплатно

Anonymous said...

buy tramadol online in australia or order tramadol online forum or buy tramadol online without prescriptions or buy tramadol online 100mg or tramadol 180 or order tramadol from the uk or buy tramadol online no prescription usa