By: E&P Staff In the newest installment of E&P's "Fitz & Jen Give You the Business" podcast, Editor-at-Large Mark Fitzgerald and Senior Editor Jennifer Saba welcome top-notch Morningstar equity analyst Tom Corbett. The subject: McClatchy, fresh from its Q3 quarterly earnings call, and the first out of the gate to report.
The Sacramento-based company made a profit in Q3, due mainly to cost cutting. That's no reason to cheer, Corbett warns. "The bottom line," he says, "is all about the top line."
Plus: Does Morningstar really think McClatchy stock?s fair value is zero? Yup. Listen here to find out why.