Daily Journal

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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Daily Journal Corp. engages in the business of publishing newspapers and websites reporting California and Arizona news and producing several specialized information publications. It operates through the following segments: Traditional Business, Journal Technologies, and Corporate. The Traditional Business segment includes 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.

LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- As previously announced on December 1, 2023, due to the death of director Charles T. Munger, Daily Journal Corporation (NASDAQ:DJCO) notified the Nasdaq Stock Market (“Nasdaq”) that the company's audit committee has only two members, which is contrary to Nasdaq Listing Rule 5605(c)(2)(A)'s requirement that listed companies have an audit committee of at least three members.

Daily Journal Corporation Announces Receipt of Expected Non-Compliance Letter from Nasdaq

LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- During the three months ended December 31, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $15,993,000 as compared to $12,301,000 in the prior year period. This increase of $3,692,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $2,162,000, consulting fees of $980,000, and other public service fees of $450,000, and (ii) the Traditional Business' advertising revenues of $97,000.

Daily Journal Corporation Announces Financial Results for the three months ended December 31, 2023

LOS ANGELES, Dec. 27, 2023 (GLOBE NEWSWIRE) -- During fiscal 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $67,709,000 as compared to $54,009,000 in the prior year. This increase of $13,700,000 was primarily from increases in (i) Journal Technologies' consulting fees of $7,911,000, license and maintenance fees of $4,311,000 and other public service fees of $1,147,000, and (ii) the Traditional Business' advertising revenues of $364,000, partially offset by a decrease in the Traditional Business' advertising service fees and other of $42,000.

Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2023

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Shortly before he died last month, Charlie Munger told CNBC, “My game in life was always to avoid all standard ways of failing

In Memory of a Legend: 7 Stocks That Charlie Munger Loved

LOS ANGELES, Nov. 29, 2023 (GLOBE NEWSWIRE) -- There is deep sadness across Daily Journal and Journal Technologies following news of the passing of Charles T. Munger on November 28, 2023. Above all, our condolences go to Charlie's family and his many friends.

Statement from Daily Journal Corporation regarding the passing of Charles T. Munger

The Daily Journal Corporation is a mini-Berkshire Hathaway operating newspapers in California and Arizona, overseen by Charlie Munger. DJCO has a strong investment portfolio, but shares are currently overvalued at over 2.0x P/BVPS. Concerns arise with succession planning as Munger recently stepped down as chairman; the author advises investors to be patient and wait for a pullback.

Daily Journal Corporation: Wait For A Better Entry

LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) -- During the nine months ended June 30, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $46,159,000 as compared to $35,502,000 in the prior year period. This increase of $10,657,000 was primarily from increases in (i) Journal Technologies' consulting fees of $6,451,000 mainly resulting from more project go-lives (i.e. signoffs by the clients), license and maintenance fees of $3,413,000 and other public service fees of $649,000 and (ii) the Traditional Business' advertising revenues of $114,000 and circulation revenues of $27,000.

Daily Journal Corporation Announces Financial Results for the Nine Months ended June 30, 2023

LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- During the six months ended March 31, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $28,455,000 as compared to $22,685,000 in the prior year period. This increase of $5,770,000 was primarily from increases in (i) Journal Technologies' consulting fees of $4,325,000 mainly resulting from more project go-lives (signoffs by the clients), license and maintenance fees of $986,000 and other public service fees of $307,000 and (ii) the Traditional Business' advertising revenues of $64,000, advertising service fees and other of $64,000 and circulation revenues of $24,000.

Daily Journal Corporation Announces Financial Results for the Six Months ended March 31, 2023

Activision Blizzard

On Feb. 5, 2023, Charlie Munger (Trades, Portfolio) sat down as the Chairman Emeritus of the Daily Journal Corp. ( DJCO , Financial) to answer questions from shareholders and the public. We think of it as the question-and-answer session of the Berkshire Hathaway ( BRK.A , Financial)( BRK.B , Financial) meeting with an extra serving of pithiness and wit.

Ramblings From My Idol, Charlie Munger

LOS ANGELES, Feb. 13, 2023 (GLOBE NEWSWIRE) -- During the three months ended December 31, 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $12,301,000 as compared with $11,736,000 in the prior year period. This increase of $565,000 was primarily from increases in (i) Journal Technologies' consulting fees of $561,000 and other public service fees of $84,000 and (ii) the Traditional Business' advertising service fees and other of $28,000, partially offset by decreases in (i) Journal Technologies' license and maintenance fees of $85,000 and (ii) the Traditional Business' advertising revenues of $11,000 and circulation revenues of $12,000.

Daily Journal Corporation Announces Financial Results for the Three Months ended December 31, 2022

LOS ANGELES, Dec. 16, 2022 (GLOBE NEWSWIRE) -- During fiscal 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $54,009,000 as compared with $49,925,000 in the prior year. This increase of $4,084,000 was primarily from increases in Journal Technologies' consulting fees of $5,546,000 and the Traditional Business' advertising revenues of $420,000 and advertising service fees and other of $253,000, partially offset by decreases in (i) Journal Technologies' license and maintenance fees of $1,852,000 and other public service fees of $101,000, and (ii) the Traditional Business' circulation revenues of $182,000.

Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2022

According to Ben Graham's value investment classic "The Intelligent Investor," the definition of a net-net is a company trading below its net working capital value. Warren Buffett re-coined the term, cigar butt, for having one puff left.

Charlie Munger's Daily Journal Corporation Is A Cohiba Cigar Butt

LOS ANGELES, Aug. 12, 2022 (GLOBE NEWSWIRE) -- During the nine months ended June 30, 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $34,797,000 as compared with $37,952,000 in the prior year period. This decrease of $3,155,000 was primarily from decreases in (i) Journal Technologies' license and maintenance fees of $3,269,000 and public service fees of $21,000, and (ii) the Traditional Business' circulation revenues of $179,000, partially offset by increases in Journal Technologies' consulting fees of $48,000 and the Traditional Business' advertising net revenues of $30,000 and advertising service fees and other of $236,000.

Daily Journal Corporation Announces Financial Results for the Nine Months ended June 30, 2022

Daily Journal Corporation has done well to grow its new core business in recent years, creating real value for its investors. But the real value lies in the fact that the business has a significant portfolio of securities on its books.

Daily Journal Corporation: Attractively Priced If Its Investments Pay Off

LOS ANGELES, May 12, 2022 (GLOBE NEWSWIRE) -- During the six months ended March 31, 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $22,245,000 as compared with $24,390,000 in the prior year period. This decrease of $2,145,000 was primarily from decreases in (i) Journal Technologies' license and maintenance fees of $2,300,000, consulting fees of $119,000 and public service fees of $23,000, and (ii) the Traditional Business' circulation revenues of $150,000, partially offset by increases in the Traditional Business' advertising net revenues of $236,000 and advertising service fees and other of $211,000.

Daily Journal Corporation Announces Financial Results for the Six Months ended March 31, 2022

Munger will relinquish the chairman role he's held since 1977. Daily Journal also said CEO Gerald Salzman has retired.

Warren Buffett partner Charlie Munger to step down as Daily Journal's chairman and donate $1 million of his stock

Existing Team Members Promoted to New Leadership Roles Existing Team Members Promoted to New Leadership Roles

Daily Journal Corporation Announces New Chairman and CEO

LOS ANGELES, Feb. 11, 2022 (GLOBE NEWSWIRE) -- During the three months ended December 31, 2021, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $11,528,000 as compared with $10,420,000 in the prior year period. This increase of $1,108,000 was primarily from increases in (i) Journal Technologies' consulting fees of $1,517,000 and public service fees of $99,000, and (ii) the Traditional Business' advertising net revenues of $102,000, partially offset by decreases in (i) Journal Technologies' license and maintenance fees of $553,000 and (ii) the Traditional Business' circulation revenues of $93,000.

Daily Journal Corporation Announces Financial Results for the Three Months ended December 31, 2021

In August of last year, I took a look at the Daily Journal ( DJCO , Financial) to try and see if the business had potential as a value investment.

Just How Cheap Is the Daily Journal?

It's recently been caught up in multiple negative headlines, but has the business itself been affected?

This Buffett Stock Has More Than 60% Upside Potential, According to Wall Street

LOS ANGELES, Dec. 17, 2021 (GLOBE NEWSWIRE) -- During fiscal 2021, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $49,389,000 as compared with $49,942,000 in the prior year. This decrease of $553,000 was primarily from decreases in (i) Journal Technologies' license and maintenance fees of $603,000 and consulting fees of $1,399,000, and (ii) the Traditional Business' trustee sale notice advertising net revenues of $264,000, display advertising net revenues of $92,000 and circulation revenues of $514,000, partially offset by increases in (i) Journal Technologies' public service fees of $1,249,000 and (ii) the Traditional Business' classified advertising net revenues of $13,000, legal notice advertising net revenues of $663,000 and government notice advertising net revenues of $158,000.

Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2021

The Daily Journal has been trending sideways for 18 months now.

Daily Journal: A Value Stock With A Margin Of Safety

Investors and analysts spend a considerable amount of time combing through the investments of Warren Buffett (Trades, Portfolio) and the developments within his portfolio at Berkshire Hathaway ( BRK.A , Financial) ( BRK.B , Financial).

Focus on the 'Why,' Not the 'What'

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Many investors don't even realize they're in a key stock index.

These Nasdaq Stocks Are Leading the Charge Thursday

LOS ANGELES, Aug. 12, 2021 (GLOBE NEWSWIRE) -- During the nine months ended June 30, 2021, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $37,952,000 as compared with $36,907,000 in the prior year period. This increase of $1,045,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $744,000 and public service fees of $841,000 and (ii) the Traditional Business' legal notice advertising net revenues of $471,000 and government notice advertising net revenues of $173,000, partially offset by reductions in (i) Journal Technologies' consulting fees of $416,000 and (ii) the Traditional Business' display advertising net revenues of $44,000, classified advertising net revenues of $31,000, trustee sale notice advertising net revenues of $335,000 and circulation revenues of $399,000.

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