Daily Journal Corp.

Daily Journal Corp.

Daily Journal Corp.

Overview
Date Founded

1987

Headquarters

915 East First Street, Los Angeles, CA, 90012, USA

Type of Company

Public

Employees (Worldwide)

375

Industries

Internet Software & Services
Publishing
News & Digital Content

Company Description

Daily Journal Corp. engages in the publication of newspapers and websites covering California and Arizona. It operates through the Traditional Business and Journal Technologies segments. The Traditional Business segment publishes newspapers of general circulation. The Journal Technologies segment provides case management software and related services to courts and other justice agencies. The company was founded on December 31, 1969 and is headquartered in Los Angeles, CA.

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Executives & Employees

President, Chief Executive Officer, Chief Financial Officer, Treasurer & Director

Senior Editor

Associate Legal Editor

Perspective/Legal Editor

Verdicts Editor

Editor

Special Reports Editor

Associate Legal Editor

Associate Legal Editor

Rulings Editor, Podcast Host, California Supreme Court Reporter

Board of Directors

Former Professional at Lee Enterprises, Inc.

President, Chief Executive Officer, Chief Financial Officer, Treasurer & Director at Daily Journal Corp.

Chief Executive Officer at Cocrystal Pharma, Inc.

Member, Governors Emeriti at The Huntington Library, Art Collections & Botanical Gardens

Director, Worldwide Promotions at Warner Bros. Entertainment, Inc.

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Owners & Shareholders
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RWWM manages two types of discretionary investment strategies, an income strategy and a growth strategy. Both strategies may consist of individual stocks or bonds; ETFs, mutual funds or other securities.RWWM employs a fundamental, discount-from-value approach. They look for more value in terms of discounted future cash-flow than they are paying for it. Their analysis leads to an intrinsic valuation of the issue which can be compared with the current price to determine whether or not the security is an attractive purchase.RWWM considers the rate of inflation and the rate of the 30 year US Treasury bond as essential elements of their intrinsic value calculation. Because the rates of inflation and the 30 year US Treasury bonds fluctuate, there is always a degree of risk associated with their calculations. RWWM seeks to bring the degree of risk and any permanent capital loss to a minimum by obtaining a wide margin of safety in each commitment.The firm's income strategy is intended for clients that require income or are planning to take withdrawals within the next 5 years. Generally, the portfolio holds the same stock positions the firm's growth strategy. However, their income strategy has a smaller weighting in stocks and a larger weighting in bonds and cash. Both investment strategies may invest in, but are not limited to, common and preferred equities, convertibles or fixed income instruments and short term cash equivalents.

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Lourd Capital's investment recommendations typically include registered mutual funds and ETFs, but may also include separate investments in equities, bonds, cash-equivalents and other instruments. When considering investments and constructing portfolios, the firm performs both holdings- and returns-based analytics. They look for mutual funds with low management fees, low turnover, a maximum number of holdings relative to comparable benchmark indexes, pure asset class exposure and low cash percentages. Lourd Capital also considers securities overlap in the funds and their aggregate global market coverage.Portfolios may range from all equity to all fixed-income. When managing taxable portfolios, the firm uses tax-advantaged equity vehicles. The equity portion of the portfolio seeks to capture exposure to a significant portion of listed stocks around the world with a slight overweight to US companies relative to non-US companies. This level of diversification ensures that clients avoid company specific risk exposure and effectively receive global capital market returns. Lourd Capital's investment strategies also tend to slightly overweight exposure to small-cap stocks or stocks that are perceived to have low market prices as compared to their enterprise book value.Lourd Capital uses bonds to dampen the volatility of equities and provide incremental yield. They typically only recommend investment grade bonds with short-term maturities. The firm buys registered mutual funds and direct issues in investment grade corporate bonds, government and agency debt, US Treasury inflation protected securities and investment grade municipal bonds (credit ratings of BBB or better). Lourd Capital typically does not use hedge funds, structured products or managed futures.

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Shayne & Co. offers ongoing portfolio management based on fundamental analysis of corporate financial statements. They manage portfolios with a long-term investment approach. At times, the firm may use other techniques, primarily shorter-term purchases and sales, but that is not their focus. Shayne & Co.'s investment strategy concentrates on investments in a fewer number of securities than is typical for many investment advisory firms. They believe this approach allows them to focus on their best investment ideas and that, over time, this is preferable to holding a more diversified portfolio involving a large number of positions. Client accounts typically use money market funds to hold cash balances. Accounts may also use mutual funds or ETFs. Client capital may not be invested in equities for a period of months or years during times that Shayne & Co. does not find equities they deem appropriate. In these situations, accounts often hold US Treasury securities. In many accounts, the firm has used FPA New Income, a fixed-income fund, for part of such non-equity capital.

Recent Transactions
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Daily Journal Corp. purchases The San Diego Daily Transcript

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Daily Journal Corp., ISD Technologies, Inc. purchase ISD Corp. (California)

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Daily Journal Corp. purchases New Dawn Technologies, Inc.

Transaction Advisors
Legal Advisor

Advised onDaily Journal Corp. purchases Choice Information Systems, Inc.

Accountant

Advised onDaily Journal Corp. purchases Choice Information Systems, Inc.

Key Stats and Financials As of 2018
Market Capitalization
$324M
Total Enterprise Value
$143M
Earnings Per Share
$5.94
Revenue
$40.7M
Net Profit
$8.2M
EBITDA
$-10.4M
EBITDAMargin
-25.51%
Total Debt
$31.4M
Total Equity
$163M
Enterprise Value Sales
3.5x
TEVNet Income
17.39x
Debt TEV
0.22x
Three Year Compounded Annual Growth Rate Of Revenue
-2.55%
Five Year Compounded Annual Growth Rate Of Revenue
1.56%
Suppliers
Government of the United States of America Holding Companies | Washington, DC

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Daily Journal Corp.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Daily Journal Corp.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Daily Journal Corp..
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