Last $180.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
DJCO On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

daily journal corp (DJCO) Snapshot

Open
$180.00
Previous Close
$180.00
Day High
$180.00
Day Low
$180.00
52 Week High
06/23/14 - $219.68
52 Week Low
08/28/13 - $121.00
Market Cap
248.5M
Average Volume 10 Days
626.3
EPS TTM
$2.61
Shares Outstanding
1.4M
EX-Date
--
P/E TM
69.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for DAILY JOURNAL CORP (DJCO)

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daily journal corp (DJCO) Details

Daily Journal Corporation publishes newspapers and Web sites in California and Arizona. It operates through two segments, Traditional Business and The Technologies Companies. The company publishes 10 newspapers, including Los Angeles Daily Journal, Daily Commerce, San Francisco Daily Journal, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, San Diego Commerce, Business Journal, and The Record Reporter. It also offers California Lawyer magazine; produces various specialized information services; and serves as a newspaper representative specializing in public notice advertising. In addition, the company supplies case management software systems and related products to courts and other justice agencies, such as administrative law organizations to help users manage electronic case files from inception to disposition, including calendaring and accounting, report and notice generation, implementation of standards and business rules, and other corollary functions, as well as to enable justice agencies to extend electronic services to the public and bar members. Further, it offers a secure Website for general public to pay traffic citations online. The company was incorporated in 1987 and is based in Los Angeles, California.

300 Employees
Last Reported Date: 06/24/14
Founded in 1987

daily journal corp (DJCO) Top Compensated Officers

Chief Executive Officer, President, Chief Fin...
Total Annual Compensation: $792.1K
Compensation as of Fiscal Year 2013.

daily journal corp (DJCO) Key Developments

Daily Journal Corporation Engages BDO USA, LLP as Independent Registered Public Accounting Firm

On July 3, 2014, Daily Journal Corporation engaged BDO USA, LLP (BDO) as its independent registered public accounting firm.

Daily Journal Corporation Receives NASDAQ Staff Delisting Determination Notice

Daily Journal Corporation announced that, as expected, the Company received a Staff Delisting Determination notice from The NASDAQ Stock Market on July 3, 2014, as a result of the Company's failure to file its quarterly reports on Form 10-Q for the first two quarters of fiscal 2014 by June 30, 2014. As previously reported, NASDAQ had granted the Company until June 30, 2014 to regain compliance with NASDAQ Stock Market Rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The Company had not been timely in the filing of its annual report on Form 10-K for fiscal 2013 and in the filing of its quarterly reports on Form 10-Q for the first two quarters of fiscal 2014 because the Company's former auditor, Ernst & Young, LLP, had not yet completed its audit of the Company's financial statements for fiscal 2013 or its audit of the Company's internal control over financial reporting. The Company filed its Form 10-K for fiscal 2013 on June 24, 2014, and then the Company dismissed EY as its auditor. On July 3, 2014, the Company announced the engagement of BDO USA, LLP ("BDO") to serve as the Company's new auditor. Now that BDO has been engaged, the Company expects to file the two late reports on Form 10-Q as soon as practicable. When those filings are made, the Company expects to be back in compliance with NASDAQ Stock Market Rule 5250(c)(1). The Staff Delisting Determination will not immediately result in the delisting of the Company's common stock. Under NASDAQ Stock Market Rules, the Company's common stock will continue to trade on NASDAQ during the pendency of an appeal of the delisting determination by the Company. The Company intends to commence such an appeal by the required deadline, which is within seven days of the date of the notice. NASDAQ will generally suspend the delisting for a period of 15 days following that deadline, although the Company expects to request additional time to enable BDO to complete its review of the two quarterly reports. The Staff Delisting Determination indicates that given the circumstances which prevented the Company from filing its quarterly reports and the Company's actions to date, the NASDAQ staff would not object to a NASDAQ appeals panel granting the Company additional time. There can be no assurance, however, that the additional time will be granted or that the Company will be successful in its appeal of the delisting determination.

Daily Journal Corporation Approves Dismissal of Ernst & Young LLP as its Independent Registered Public Accounting Firm, Effective June 24, 2014

The audit committee of the board of directors of Daily Journal Corporation approved the dismissal of Ernst & Young LLP as the company's independent registered public accounting firm, effective June 24, 2014.

 

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Industry Analysis

DJCO

Industry Average

Valuation DJCO Industry Range
Price/Earnings 100.0x
Price/Sales 6.2x
Price/Book -- Not Meaningful
Price/Cash Flow 75.7x
TEV/Sales -- Not Meaningful
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