Monday, December 29, 2008

McClatchy makes list of Top Ten newspaper quotes of 2008

This quote is #6 on the list:
"The McClatchy Co. stock could be worthless."
--Morningstar analyst Tom Corbett, writing when McClatchy (NYSE: MNI) shares were trading at about $2. MNI opened Monday at 82 cents a share.
See the rest of the list here.
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1 comment:

Archer05 said...

-McClatchy stock, after delisting, pink sheets next-
Alan Mutter writes about newspaper stocks:
“If the price fails to reach $1 for 30 days in a row, the stock will be banished to the Pink Sheets.”

Anonymous wrote, “McClatchy shareholders should hope against hope that the stock bounces back over $1, thus starting the 30 day clock anew. Delisting is the beginning of the dead-end.”

MNI = $.74 What happens when a stock goes goose eggs? 0.00