I’ve bought Reach plc (LSE: RCH), owner of the Daily Mirror,Daily Express and hundreds of regional news titles.
It is one of Britain’s most hated and beaten-down shares.The newspaper industry is shrinking, the company has faced major pensionliabilities and the share price chart looks horrific. That is exactly why thisUK small-cap stock interests me.
Reach still has substantial revenue, established brands, adividend and a real underlying business. If management can continue cuttingcosts and stabilising the company, the upside could be considerable. But thisis a high-risk contrarian investment and I could lose heavily.
In this video, I explain why I bought Reach shares, how Iapproach distressed value stocks and why learning to pick shares matters morethan following stock tips.
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This videois commentary and analysis, not personal financial advice. Markets can rise aswell as fall, and investors should conduct their own research.
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