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Warren Buffett’s 10 Best Investments For 2011

Gannett Co., Inc.

Gannett Co. trades around $13.49, giving an implied upside of roughly 32 percent to the consensus target of $17.86. This position has been chopped down considerably. The company is the largest newspaper publisher with operations in print, broadcast, and digital. Buffett has lowered the stake in the company and as the media woes of yesteryear are likely to persist for years. Gannett, though, may feel like a wild card. Despite declining earnings and revenues, Gannett trades at about 6-times forward earnings. The dividend yield here is only about 1.2 percent and that target price of $17.86 is under the recent highs as the 52-week trading range is $9.63 to $19.69.

(AP Photo/Steven Senne)

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