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It’s Debt Is Rated Deep Junk, It’s Shares Hit A Low Of 55 Cents This Week, And Yet McClatchy Still Boasts A Cash Flow Margin Of More Than 20%
Philip M. Stone February 12, 2009
Its Q4 reporting was doom and gloom -- revenues down 42% over the previous year, further savings announced to cut another $100 million or so -- but buried in the analyst conference call later was the gem that for all of that, McClatchy newspapers last year had cash flow margin of more than 20%.
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