Michael Ranalli
Long/short equity, bonds, special situations, growth at reasonable price

The Shorts Are Wrong: McClatchy's At An Inflection Point With A Strong Catalyst And Going Higher

Thesis and catalyst: McClatchy's 25.6% ownership stake in Classified Ventures is the perfect example of a hidden asset, valued on its balance sheet at $73.7 million as of FY 2013. This crown jewel is a five-way partnership owned by the following newspaper publishers (Gannett, McClatchy, Tribune, Graham Holdings, and AH Belo). Classified Ventures' assets include two very va...

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