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    Booker Smith • Smith Management

    Booker Smith is an Analyst at Smith Management with a focus on equity research and fundamental analysis in key sectors such as technology and consumer staples. He is known for evaluating companies like Tesla, Apple, and Coca-Cola, consistently generating investment recommendations with above-benchmark accuracy and delivering positive risk-adjusted returns. With a career that began after earning his degree in finance in 2015, Booker has held analytic roles at boutique investment firms before joining Smith Management in 2019. He maintains active FINRA registration and holds relevant securities licenses, recognized for his analytical rigor in performance evaluations.

    Booker Smith's questions to Dallasnews Corp (DALN) leadership

    Booker Smith's questions to Dallasnews Corp (DALN) leadership • Q4 2024

    Question

    Booker Smith of Smith Management requested details on capital allocation priorities following the pension annuitization, clarification on transaction expenses for the Plano facility sale, remaining CapEx for the Carrollton facility, and commentary on whether digital margins are accretive to the overall business.

    Answer

    Executive Mary Murray stated that after fully funding the pension, the board's capital allocation focus is on investing in the business, with annual CapEx expected to be between $0.5 million and $1 million, and evaluating shareholder returns. She confirmed net proceeds of ~$39 million from the property sale after all expenses and taxes. CEO Grant Moise addressed digital margins, stating that high-yield products like in-article video are accretive and improve the already strong digital margin for the Dallas Morning News.

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