Let’s take a look at why Gannett is such a dog. First, it’s trading at 11.67 times trailing earnings and 11.23 times forward earnings. Danger! Whenever a P/E ratio slips that low, you know the stock is on a slippery slope down to zero. According to analysts, it’s much smarter to buy stocks at 73.47 times trailing earnings — that’s what Google’s P/E ratio is. 77% of analysts covering Google rate the stock either “Strong Buy
According to 11 of the 18 analysts covering newspaper company Gannett (NYSE: GCI), the stock gets a Hold rating. That’s 61% of the bright minds on the Street giving the company a Hold, so you know it’s got to be true.