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.
Congrats go out to Gary Pruitt for leading this company right down the path to bankruptcy. No one ever kept a job while overseeing a 99.2% drop in stock price in less than 3 years.
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6 comments:
Anonymous
said...
Market Cap. today closed at 47.06. It won't be long folks.
MNI closed at .57 It seems not that long ago a poster wrote that $5.00 a share was an important firewall level, which was later explained. I think the new firewall number must be set at 50 cents. A poster said MNI shareholders will be “sleeping on pink sheets” That would require sleeping through a nightmare I guess.
McClatchy owns the Ledger Enquirer in Columbus GA. This is a first rate gossip rag paper. If Pruitt didn't head for the ice burg, they have a few employees there who were going to ensure that they were doing their part to keep a hole in their side of the ship. It's not worth saving anyway, so who cares?
6 comments:
Market Cap. today closed at 47.06. It won't be long folks.
um, can't say "never" anymore since Gary has now done it.
MNI closed at .57
It seems not that long ago a poster wrote that $5.00 a share was an important firewall level, which was later explained. I think the new firewall number must be set at 50 cents. A poster said MNI shareholders will be “sleeping on pink sheets” That would require sleeping through a nightmare I guess.
I just cannot believe the McClatchy BOD will not act upon the loss of their company.
Titanic deck chairs. They know they're done.
Just play the same music louder and better, as the water seeps, er um, gushes in.
In other words, no reason to even flush now. The cold ocean water will wash it all away
McClatchy owns the Ledger Enquirer in Columbus GA. This is a first rate gossip rag paper. If Pruitt didn't head for the ice burg, they have a few employees there who were going to ensure that they were doing their part to keep a hole in their side of the ship. It's not worth saving anyway, so who cares?
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