Kuppy is active on $LEE

Kuppy comes on the show to discuss his recent activism at LEE and why he thinks the stock is dramatically undervalued.
My notes on LEE: AndrewRangeley/st...
Kuppy's LEE thesis: adventuresincapitalism.com/20...
KEDM: www.kedm.com/what-is-kedm/
Chapters
0:00 Intro
2:00 LEE Overview
7:55 Why does Kuppy think Alden's LEE offer is so undervalued?
12:35 Why does small town, local news offer a moat?
17:30 Is LEE's digital growth real or is it just small base effect?
20:20 Can the LEE team execute the growth / digital opportunity?
30:15 Why did Berkshire sell their newspaper to LEE if the growth is so attractive?
35:40 Is TownNews a hidden gem?
40:00 What other levers can LEE pull to juice growth?
42:15 Online gambling upside for newspapers
44:30 Valuing LEE"s digital side
51:20 Why are papers like Tribune selling if the outlook for digital is so good?
53:35 Closing thoughts

[@gprevor1]

Where's Jacob Rubin

[@skot523]

Kuppy definitely should worry about local subreddits more than he does. Not saying it invalidates the thesis or anything, I bought some Lee to follow him because it makes sense overall

[@Raz0rtooth]

real sweetz guy, you just wanna stuff him up and keep him as teddy bear

[@mudge40]

Yeah, about that $150 in ebitda in 2023 .... ha ha ha!

[@TensaiFFS]

I'm not invested in Lee and i will not invest in Lee, but my opinion as someone who comes from a rural area and currently live in my countries 3rd largest city:
At my workplace I see almost every person in their twenties subscribed to some local online newspaper. I personally subscribe to 2 online newspapers(one from my small town and one for the city I live in).
From what I see around me in my day to day life young people, even those who are not "intellectuals", are subscribing to these online local newspapers after they join the workforce. I am 100% certain this is a growing viable business model since I am 100% certain their product is valued and paid for by the younger generation. If your work has you sitting at a computer each day for at least an hour then you will 80% likely be subscribed to at least one online newspaper. The "average joe" will subscribe to local news sites over national ones.

[@justinberry5721]

Interesting, what’s your primary reason for not investing?

[@TensaiFFS]

​@@justinberry5721 I'm invested in other sectors of the economy that I know better and have more interest in tracking week to week.
Diversifying into tons of different sectors would have me spending additional time tracking and monitoring my investments and at a certain point it's not worth it.
$lee sounds like the kind of investment suited for a professional investor / hedgefund or someone who works in media. It is not right for me.

[@loupasternak]

another lousy pick by this two bit tout kuppy . stock is straight down and a 66% loser is 1 year. 30 to 12