Friday, December 19, 2008

McClatchy falls to $1.03 per share

McClatchy (MNI) closed at $1.03 per share Friday, 2 cents under yesterday's close. Can you say Penny Stock?


Anonymous said...

That is what they are saying after hours. Best Bid .89

Archer05 said...

Seems like only yesterday, touching moment this-
SAN JOSE, Calif. (AP) — Knight Ridder shareholders on Monday approved the company's[ $4.5 billion sale] to McClatchy during an emotional meeting that [served as a funeral] for nation's second-largest newspaper publisher.

As he wrapped up his [eulogy,]
P Anthony Ridder [broke down in tears] as an audience filled with members of his own family and former company executives rose to [console him] with applause.
P. Anthony Ridder- Still weeping, but he summoned enough composure to dump his McClatchy stock. I wonder if he dumped it all? Poor little guy, life is tough. Our own gurus tell us his published dumps at, are just the tip of the iceberg.

Admin said...

Just wait for the New York Times to catch up.


Anonymous said...

Sulzberger had an advantage. He inherited a 4 billion dollar company and has managed to turn it into a 950 million dollar company. Interestingly, Rupert Murdoch inherited a 100k dollar newspaper and turned it into a 68 Billion dollar empire.

...and these people still don't understand that all you have to do is not alienate 50% of your potential customers and the advertising will roll right in.

Dave D. said...

...At $1.03, still WAY over valued.