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.
Market Cap is a measure of value in a company derived by Float * Price.
In other words you mulitiply the number of shares times the closing price of the stock to figure the market cap. The result is value of the company. When the value of the company departs from the liquidation value of the company's physical plant you have what we call, McClatchy. The value of one parking lot is worth more than the entire company as a business.
“The value of one parking lot is worth more than the entire company as a business.“
In thinking about your statement, I realized, the equipment is obsolete, the value of the workforce is depleted, and the building is just another overpriced building. The parking lot is the only value of the Miami Herald, and that is mainly because of its lower taxation.
Actually it is because the real estate is scarce, downtown waterfront property that will at some point regain some value. 190 million? No, but they couldn't get the 190 million for it at the peak of the bubble. Maybe next century.
Hundreds of thousands of jobs have been lost across all industries due to the greed of the higher echelon. To name a few and all of you have heard this: Citi-bank Chrysler GM Merrill Lynch
Heads at the top need to roll. Companies don't need to be subsidizing inept CEOs while those who do the work get the pink slips.
8 comments:
Les, You still got stock? I think the KC Star needs to give that man a job.
Can someone tell me what a market cap is and what it means to us?
Market Cap is a measure of value in a company derived by Float * Price.
In other words you mulitiply the number of shares times the closing price of the stock to figure the market cap. The result is value of the company. When the value of the company departs from the liquidation value of the company's physical plant you have what we call, McClatchy. The value of one parking lot is worth more than the entire company as a business.
9:11 Thanks!
“The value of one parking lot is worth more than the entire company as a business.“
In thinking about your statement, I realized, the equipment is obsolete, the value of the workforce is depleted, and the building is just another overpriced building. The parking lot is the only value of the Miami Herald, and that is mainly because of its lower taxation.
Actually it is because the real estate is scarce, downtown waterfront property that will at some point regain some value. 190 million? No, but they couldn't get the 190 million for it at the peak of the bubble. Maybe next century.
How low will the cap have to go before they go bankrupt?
Hundreds of thousands of jobs have been lost across all industries due to the greed of the higher echelon. To name a few and all of you have heard this:
Citi-bank
Chrysler
GM
Merrill Lynch
Heads at the top need to roll. Companies don't need to be subsidizing inept CEOs while those who do the work get the pink slips.
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