“Newspapers' valuations may have cratered from the lofty levels of better times,” he wrote. “However, cutting costs in the face of declining revenue is a survival tactic, not a buy signal.”
Anybody seen a buy signal for MNI stock?
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Friday, July 17, 2009
Morningstar analyst: plenty of room for newspaper stocks to go lower
Morningtsar analyst Tom Corbett says there is plenty of downside potential for newspaper stocks.
Anybody seen a buy signal for MNI stock?
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Anybody seen a buy signal for MNI stock?
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6 comments:
Anybody seen a buy signal for MNI stock?
Only from the Pump and Dump trolls, and McClatchy Fanboys that invade MW on occasion.
You mean, it's not simply that darn economy after all?
I am starting to turn positive after rightfully banging the hell out of this in the past 18 months. I look for the stock to be at $1.65 within the next year. I have also resigned myself to the fact that Pruitt will NOT be fired, and that shareholders are stuck with him.
Jay -- $1.65 within the next year?... Hmmm. May I ask if you've risked your own money on MNI stock?
I have a better question. Based on what!?
1.65 maybe, after bankruptcy or for a short time if Pruitt is fired. Otherwise, you have no fundamental financial reason to make that call. A contrarian position on this stock is gambling.
Jay- LOL, clearly you're not a financial advisor. Good luck with the $ 1.65. May the force be with you.
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