Three more updates to protect your gains

Article Excerpt

GANNETT CO. INC. $1.57 remains a hold. The company (New York symbol GCI; Conservative-Growth Portfolio, Consumer sector: Shares outstanding: 146.7 million; Market cap: $230.3 million; Price-to-sales ratio: 0.1; Dividend suspended in 2020; TSINetwork Rating: Speculative; www.gannett.com) merged with GateHouse Media, and its parent company New Media Investment Group Inc. (New York symbol NEWM), in November 2019. The new firm publishes daily newspapers in 46 states. Those include its flagship newspaper, USAToday. The company continues to sell surplus real estate and other assets to pay down its debt. So far, it has repaid $130 million in loans in 2022 and has deals to sell real estate for an additional $80 million. However, its long-term debt of $1.16 billion (as of June 30, 2022) is a very high 5.0 times its depressed market cap. Rising interest rates also add to its risk. Gannett is a hold. MOLSON COORS BEVERAGE CO. $50 is still a hold. The company (New York symbol TAP; Aggressive Growth Portfolios, Consumer sector; Shares outstanding: 216.7 million; Market cap: $10.8…