Scripps Management Investments is Destroying Value

Tomorrow, Scripps is expect to report their 1st quarter earnings and no one is expecting much.

Zacks Equity Research expects Scripps to post quarterly loss of $0.23 per share which represents a year-over-year change of -130%.

Scripps stock has been in free fall for months. If you look at the 3rd quarter of last year, a whopping 91% of Scripps stock transactions, were investors selling the stock. In the last quarter, 75% sold their shares in Scripps.

Stock story posted as why they are against buying Scripps stock, take a look at the third reason.

While investors have lost faith in Scripps and their management, somehow the Scripps board lets it continue with no major changes at the top.

All indicators point to Scripps selling off the company after Trump’s FCC relaxes ownership rules.

Stay tuned…