The market cap is now under $39,000,000. The stock price under 50 cents a share. The stock was off 32% today. Gary Pruitt's master plan of trying to buy back bonds for pennies on the dollar, with soon to be worthless common stock fell 91% short of plan.
As stated here, by this former Knight Ridder and MNI employee, this stock is toast. The market has zero, I repeat ZERO confidence in Gary Pruitt...
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15 comments:
I agree.
...But Gary doesn't work for the market, he works for the McClatchy's. WHAT IS WRONG WITH THOSE PEOPLE ?
Well the market finally clued in as to what those of us working for him have known for years....ZERO confidence....but thanks for letting us know.
Gary Pruitt responds:
"Find out if that user has a dead father so we can run perverse columns about his dead dad."
Gary Pruitt is just another Bernie Madoff.
Sha na na na, Sha na na na, Hey! Hey! Goodbye!
To the Gary Pruitt and the McClatchy board.
No surprise that you like this Yahoo dude. Only biased posts from a pissed off ex-employee who thinks the company is not worth existing since he is no longer on board.
McClatchy will make it and that even without a Chapter 11 filing. Mark my words.
****McClatchy will make it and that even without a Chapter 11 filing. Mark my words.****
Is that you Gary Pruitt or is this Melanie?
Either way, you're drunk on the computer again.
So a comment on Yahoo becomes a blog post here? This is some good investigative reporting here, Lou.
"investigative reporting"
mcclatchy watch?
HAHAHAHAHAHAHAAH
I'm sure MW can do exlcusive reporting on Gary Pruitt's dead father and make fun of him.
I'm sure they would win a Pulitzer.
Keep sticking up for the Chief Clown Gary Hopeless but he alone has taken MNI down a one way street to failure. The writing isn't in the paper anymore, it's on the wall.
The party’s almost over now boys. Time to strike up the Titanic band for the last time.
(But of course with a brief introduction from our very own Melanie Sill, that the Titanic's sinking was due...to that darn economy)
A basic lesson in business for Mr. Pruitt:
http://my.execpc.com/~jwoods/6values.htm
THE SIX VALUES
OF A QUALITY CULTURE
John A. Woods
from The Quality Yearbook, 1998 Edition
A business system takes inputs from various suppliers and transforms these into outputs that customers will value. When your business does this well, your customers will want your company's outputs enough to purchase them at a price high enough for you to be profitable.
The article goes on, but I think Gary fell asleep during this lesson!
While she is at it, Melanie can also blame 9/11.
His employees share the market confindence in him...
If Bank of America's stock dropped 5% and they replaced the CEO, MNI's had dropped 99% and they still wont can Pruitt. No wonder people laugh at MNI.
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