Wednesday, May 13, 2009

McClatchy (MNI) shares drifting back down...

McClatchy (MNI) shares are trading at 60 cents a share as of 2:40 EST, down 15 percent on the day. MNI has dropped 28 percent in the past week.
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14 comments:

Anonymous said...

Where's our useful idiot, who last week when MNI went up 30 cents thought MNI was right back on top?

Earth to useful Idiot!

Anonymous said...

Please pray tell, point out where someone said they were back on top?

I missed it.

Anonymous said...

I missed it.
$$$



You must have been sleep walking. My bet it was you.

Anonymous said...

Where's our useful idiot, who last week when MNI went up 30 cents thought MNI was right back on top?

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You mean this dude:

"Now .92 cents. I guess we were wrong about their demise. A lot of them are laughing their heads off right about now."

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Guess they will hit the market cap minimum soon...just have to hold that for 30 days and then solve the $1 for another 30 and no more delisting threats.

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I love it McClatchy will not go under as you trolls have predicted for over 2 years now. Keep it up. This just proves how you right wing nuts know nothing.

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This is not shorts covering. That would be a "1 day" rally, not a 1 week rally.

Also, they don't do it on just "random" days. They do it at the end of the month when margin calls. Plus these are large blocks of shares that most normal investors cannot afford, so it is more like institutional investors buying/selling to one another.

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He's right here. See 12:37. He is also trying to cover his trail in another thread.

Anonymous said...

@1:02

You have 4 quotes in that post. Only the last one is mine and it does not say anything about being on top, but it does mention the word rally.

And yes, it was a 1 week rally, and now it has been down what 3-4 days? That is the nature of the market. There is a rally, followed by a drop (look at 95%) of the stocks in the current economy.

Sorry to burst your bubble, but I never ONCE promoted people to buy, nor said that they were at the top, etc.

Dave D. said...

...You own the jerk. Enron stock is more valuable than MNI, but save yours, 'Clatchy clown, and you can use it to get a laugh in bars for years to come.

Anonymous said...

The whackjobs still in denial, say the most ridiculous things about McClatchy coming back as a profitable company. It is a useless company of lying rags. The need for biased propaganda is losing ground each time their true colors (RED) comes out. Who knew watching newspapers commit suicide would be even remotely interesting?

Anonymous said...

Cut him some slack. If he can find McClatchy people to dump on, good for him.

Actually, it wouldn't surprise me at all to find out that it was Weaver himself, trying to land a fish or two. He probably sold it short his damn self at .92 for a tidy profit.

Besides, there were people warning that guy not to listen to him. If he did, it's on him.

Anonymous said...

MNI = 58Ȼ
We’ll need to dust off that 50Ȼ firewall any day now. Even a bailout will not save a company without integrity. They decided to become a mouthpiece for the Democrats, and now even some lefties are not supporting them. The radical environmentalists are partying every time a rag goes under. Saving trees is way more important to them. Leftist journalists that are also whacko greenies have been placed in a nightmare position. I don’t see their dilemma, losing their job for their cause ought to trigger another party. What, are they dishonest or something? Party hardy!

Anonymous said...

It is not about Politics, it is about poor management. .
The Ridders ran it in the ground with their stupid ideas and lack of foresight.

Now, McClatchy is worse. They keep the same old tired managers and get rid of the good workers.

That is a plan for disaster. Republicans or Democrats. All the same.

jaygolfs said...

As long as Cheryl Dell is Publisher and Gary Pruitt is CEO this company will be a laugher. Dell's VP of Advertising in Tacoma, Kurt Vantosky secretly tape record all his manager's meetings. When I finally reported this illegal activity to HR, I was immediately put on a performance plan and then fired within 2 months in the first round of job cuts. Revenue in Tacoma has been off by nearly 55% SINCE VANTOSKY arrived. Guess what, he got promoted!

Anonymous said...

Boy, our troll, whose on someones payroll, took a dixie when things got a bit hot...didn't she.

I wonder what's the matter with "her" today?

Anonymous said...

The Ridders ran it in the ground with their stupid ideas and lack of foresight.




Well, the end results don't support your claim. The Ridders take credit for incredible foresight because they acted on what shareholders already knew. The company was going to die a slow and painful death. Like them or not, foresight was Ridder's strong point. They sold a soon to be losing proposition for an incredible sum of money.

Anonymous said...

In terms of policies and practices, training, diversity awareness, benefits administration and technology, Knight Ridder was light years ahead of McClatchy. We would have been better off if the whale had swallowed the minnow and not the other way around.