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NYT at 11-year high; Huber pivots to Buy

Published 06/21/2018, 11:46 AM
© Reuters.  NYT at 11-year high; Huber pivots to Buy
NYT
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  • The New York Times Co. (NYSE:NYT) is up 2% and at its highest point in 11 years alongside a two-notch upgrade from Huber Research, to Overweight.
  • The firm's Douglas Arthur sees positives not only from digital subscriptions driven by the election, but also advertising and real estate. Next year the company has the option to repay a 10-year $250M leaseback and reclaim ownership of its headquarters (which he values at $1B) at the 2009 price, he says. (h/t Bloomberg)
  • He also notes the stock has performed despite heavy selling by the likes of Carlos Slim (10M shares this year).
  • Now read: Daily Insider Ratings Round Up 6/19/18


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