Monday, December 31, 2007

McClatchy (MNI) stock: complete disaster in 2007

McClatchy Company (MNI) shares opened the year at $43.30 a share. Today, the last trading day of 2007, the price is below $13 a share. That is a disaster for the McClatchy Company. Despite what they say in public, McClatchy's board will have to make major changes in 2008, starting with changes at the top.