Why Shares of The E.W. Scripps Company Jumped

Is this meaningful? Or just another movement?

May 9, 2014 at 2:34PM

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of The E.W. Scripps Company (NYSE:SSP) were moving higher again today, gaining as much as 12% after turning in a better-than-expected first-quarter earnings report this morning.

So what: The diversified media company posted a loss per share of just a penny against expectations of a $0.12 per-share loss and an improvement from a $0.05 loss a year ago. Revenue, meanwhile, ticked up 2.6% to $203.8 million, beating estimates at $201.6 million. CEO Rich Boehne said the nascent political advertising season has helped drive up TV revenue, and the company also saw its third straight quarter of newspaper subscription growth, indicating stabilization in that segment.  

Now what: For the current quarter, Scripps expects TV revenue and expenses to increase in the high-single digits, and newspaper revenues and expenses to be flat. That guidance was essentially in line with expectations, and did not include its recent acquisition of a TV station in Buffalo and Detroit for $110 million. That addition will give Scripps 21 local TV stations across the country. Considering the upside bottom-line result in the past quarter, the political advertising income ahead, and the two newly acquired TV stations, Scripps appears to be taking meaningful steps toward profitability.

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Jeremy Bowman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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