Washington Post shares look dirt-cheap-Barron’s

NEW YORK, Aug 22 (BestGrowthStock) – An August sell-off in shares
of Washington Post Co (WPO.N: ), amid fears over its Kaplan
for-profit education unit, have left the media company’s shares
“cheaper than dirt,” Barron’s said in its August 23rd edition.

The Kaplan business, which offers test preparation services
and higher education courses, could be hit by new federal rules
that bar schools from taking part in a government student loan
program if student loan repayment rates fall below a 35-percent
threshold.

Kaplan’s repayment rate is around 28 percent.

Washington Post shares have fallen below $350 per share
this month, from $420 at the end of July.

But the Kaplan business, while hard to value, is probably
worth more than the negative value currently assigned by the
stock market, Barron’s argues. Washington Post’s cable television
business, its TV stations and net cash and other securities add
up to about $400 a share. That estimate ascribes no value to the
newspaper for which the company is named.

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Barron’s says at least one shareholder is pushing the
company to launch a big stock repurchase program, given the low
current value and strong cash position. The company’s chief
financial officer Hal Jones was not immediately available to
comment.

Washington Post shares closed at $347.68 on Friday.
(Reporting by Nick Zieminski; Editing by Derek Caney)

Washington Post shares look dirt-cheap-Barron’s