$Tegna (TGNA.US)$🎯 2023.12.1 The current price is 15.53, an...

New data: 2023Q2, Q3. Revenue and operating profit declined for three consecutive months, and net profit declined for three consecutive months, excluding special income.

In the first three quarters of 2023, revenue shrank by 7.5%, operating profit shrank by 31%, and net profit shrank by 2.9%.

The balance ratio rose slightly to 58.6%, there was little change in cash, and accounts receivable declined.

The current price-earnings ratio is 5.5 and the dividend rate is 2.6%. It is an undervalued sunset industry, so there is no need to change positions for the time being.