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?
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5 comments:

Anonymous said...

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

Archer05 said...

Seems like only yesterday, touching moment this-
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*2006*
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.
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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 www.gurufocus.com, are just the tip of the iceberg.
http://tinyurl.com/4cftq9

Admin said...

Just wait for the New York Times to catch up.

-AOP

ageofpericles.blogspot.com

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.