Well my friends, the Masters saw this one coming. E.W. Scripps Company (SSP) got cold smoked last week after issuing lower guidance due to high costs in its internet division and unexpectedly poor performance in its newspapers. In the last month the stock has fallen 9.4%. This is exactly what we cautioned against back in October. They can’t all be
winners can they? But how about Food Network’s star Rachael Ray? She’s all over the place – Four Food Network programs, 16 best-selling cookbooks, she edits a monthly magazine published by Reader’s Digest, plastered her name on a line of cookware, knives & furniture, shills Nabisco crackers and was asked by NASA to create meals for astronauts. Can’t we just buy stock in her?
Our boy Todd Sullivan at Value Plays takes on AIG today and proves how they are not really improving. Todd said While AIG’s strategy of refusing to settle claims may have helped them last year, there is a growing bulge in future liabilities out there that will have to get paid. Investor’s beware…. Read his article at ValuePlays