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.
Tuesday, May 26, 2009
McClatchy (MNI) closes above $1 a share for the first time since January
On heavy volume, McClatchy (MNI) shares closed at $1.08 Tuesday, the first time MNI closed above $1 in 4 months. Fitz and Jen add this:
"... The huge volume suggests investors either really like its debt exchange offer -- or the large numbers of short-sellers have been panicked."