Let me begin with some of the eye catching metrics that might lead an investor to consider purchasing shares of the Journal Register Company (JRC). This newspaper company has a price to earnings ratio of 11.3, a price to sales ratio of 0.93, a 5 year average return on capital of 17.6%, and a five year average pre-tax profit margin of 27.4%.
Now, for the bad news. The Journal Register Company has an enterprise value to EBITDA ratio of 9.07 and an enterprise v…