Wednesday, June 17, 2009

McClatchy shares resume march toward zero

Despite staying above the $1 a share benchmark for a few days last month, McClatchy (MNI) shares have been steadily drifting downward. MNI closed Wednesday at 61 cents a share.

Also noteworthy: McClatchy's market cap has shrunk to just over $50 million.
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20 comments:

Anonymous said...

Excellent!

Anonymous said...

Where is our resident genius stock guy who said MNI turned the corner a few weeks back?

Did he loose his shirt (again) investing in MNI penny stock?

Well did ya bright boy?

Anonymous said...

I am looking forward to seeing the results of being booted from the small cap index. MNI already looked very weak on up days. It should be very prominent when there is no index funds automatically buying shares to adjust their percentage.


4:19 I am sure he learned a valuable lesson, and lets face it. There isn't much opportunity for kids today to learn more than absolute minimum about the markets outside of the hard way.

I'd give him a break because if he is successful in the end, there is little chance he will remain a leftist.

Anonymous said...

“I'd give him a break because if he is successful in the end, there is little chance he will remain a leftist.”
***
You are right. When I first left college, the Marxist professors had done a job on me, but the liberal whacko’s antics turned me off their agenda even then. Sissyboys throwing pies in the face of any woman is lame. Not allowing free speech, when all they blow about is including everyone’s voice, is beyond ludicrous. The leftists I know are liars, and I want no part of any of them.

Anonymous said...

"Loose" lips sink ships, er, shirts. But that's an aside.

McClatchy stock? It is what it is ... check any newspaper stock and I guarantee you investors have their undies in a bunch.

This obsession with "leftists," though, is so predictable and, frankly, small-minded. I'm reminded of the horse with the blinders on.

The whole left-right dichotomy is tiresome and intellectually lazy. Anyone who preaches absolutes -- left or right -- doesn't have the balls to admit that the opposite side might, indeed, have something to offer now and then.

What folks at either extremes generally won't admit is that "left" and "right" historically have proved circular ... that is, extremists in both camps have more in common than not. The extreme Extremes are a perfect pair -- Hitler and Marx, blood brothers. With the blood on their hands to prove it.

So let's celebrate those on the far right who denigrate those on the far left, eh? Oh, no, let's do the opposite! Let's hail the left's superiority over the right!

And then let's watch as both sides feel the self-satisfaction that somehow, in some way, they have saved the day, because those on the other side are liars, and they "want no part of any of them."

Goodness! Go to your corners, boys. And stay there. Your relevance dims by the day.

(Oh ... and I'd suggest you quit obsessing about McClatchy's share price. It is, after all, only a penny stock. Time to move on. It, too, will sort itself out.)

Replica Watches said...

This not Excellent!!!

Anonymous said...

It would be interesting to see where all the MNI papers are as far as June revenue goals are and see if they will make a profit this month or lose money.

Some papers have already forecasted to lose money and started taken steps to make up for those lost dollars in having their employees take a week off.

Oh well the July earnings call should be interesting to hear.

Anonymous said...

10:44, excellent post. Of course, the illiterates whose lives revolve only around this blog will brand you a "troll."

Anonymous said...

I heard the bond swap is a total failure.

Anonymous said...

10:44, excellent post.

=========

Only to an idiot. Summary: Nothing is real, nothing going on, please ignore us. Move along.

Anonymous said...

Well, the second quarter ends in about two weeks so expect some serious cuts in staff and budget. Management at each McClatchy paper already has scheduled budget meetings this week and next.

Anonymous said...

There has not been one post on here that said that MNI turned the corner. Please enlighten us with your "proof".

As far as this topic goes, nothing like beating a dead horse huh (I think you have posted the same thing 5 or 6 times)?

No one gives a **** what the market cap is. This again is a non-issue. MNI will be delisted long before the reach the market cap rule because they didn't meet the average daily volume rule.

How about we post at the end of today that the stock "rallied" (currently a whopping 3 cents)? Oh that is right, we only report news on the demise of this company, not on positive things.

My Bad.

Anonymous said...

Hopefully I get a severance when I get laid off from this crappy place, please put me out of my misery.

Anonymous said...

@ 8:58

Tell you what, give me your name and I will see to it that by 5pm your time at McClatchy will be done to put you out of your misery.

Anonymous said...

Tell you what, give me your name and I will see to it that by 5pm your time at McClatchy will be done to put you out of your misery.



Thank you. My name is Jason Whitlock and my main man Mike Hendricks said you can kiss his ass too.

Anonymous said...

I am pretty sure you are not Whitlock as he has a phat job setup.

John Altevogt said...

Look's like Derek Donovan's typing to me. Although, Mike Hendricks is the type that has to have someone else do his dirty work for him (see yesterday's discussions), so that could be Jason.

Anonymous said...

Actually I am Lewis Duiguid. I am just mad at Jason because he stole my cheeseburger and told me to put it on Obama tab.

Mike Hendricks really did say kiss his ass though. (He's a catcher)

Anonymous said...

10:27AM - my first name starts with a K and last name starts with an A and ends with an S

Anonymous said...

7:08: You proved my point, as I knew someone would.

In fact, a lot is going on. The problem for you is that the extremes are being marginalized. Pity those stuck in the corners.

Thank you.