Glacier Media (OTC:GLMFF) is an owner of community newspapers and business, trade and professional information services based in Vancouver, BC. The stock is currently trading at $1.46, down from its 52 week high of $1.99. The reason for the drop in the stock price is a revenue decrease caused by the fundamentally declining nature of the newspaper business. This has caused the market to look at the company as a dying business and value it as a cigar butt on a dividend basis. That leaves an opportunity for investors willing to look below the surface.
Although a significant portion of the company's income is from newspapers, the vast majority of it is from local newspapers in small towns...
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