This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
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? . .
5 comments:
Anonymous
said...
That is what they are saying after hours. Best Bid .89
Seems like only yesterday, touching moment this- --------- *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. ----------------------------- 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
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.
5 comments:
That is what they are saying after hours. Best Bid .89
Seems like only yesterday, touching moment this-
---------
*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.
-----------------------------
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
Just wait for the New York Times to catch up.
-AOP
ageofpericles.blogspot.com
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.
...At $1.03, still WAY over valued.
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