McClatchy (MNI) shares were down 21.7 percent on Wednesday, closing at $1.51. I wouldn't read too much into today's drop, because of yesterday's end-of-the-day upward spike (a 17 percent spike). However, today's close is just a shade above MNI's all time low of $1.48.
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The above chart shows the decline in McClatchy shares over the past year.
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6 comments:
Almost a 22 percent drop, settling at $1.51. This is a death rattle. I am not looking at the day-to-day, but the long-term decline as reflected in your graf. Trading under $1 will mean MNI will be delisted, and we have not yet heard the dividend is suspended. I expect that to happen the next debt payment period, perhaps in two weeks time.
Unless of course you're getting your infomation from a McClatchy outlet. The KC Star has their own closing price as 1.65 down 28 cents.
Not even an attempt at honesty anymore.
http://economy.kansascity.com/?q=node/294
Amazing, it hasn't been corrected.
As my mom you used to say "liar, liar pants on fire".
That place is so out of control their Ombudsman couldn't take it anymore and had to go on vacation. Seriously, that paper has got to be in the top two or three most dishonest papers in the country now.
Yep and THEY DON"T CARE!
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