Tuesday, September 8, 2009

Some reporters definitely have financial savvy...

This guy sold his McClatchy stock when it was $80 a share. Great timing.
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5 comments:

Anonymous said...

$80 a share? I can't remember that far back.

Anonymous said...

It was never $80 a share.....

Anonymous said...

77 is the highest I recall. I could look it up but don't really care. I cashed in after the merger and shorted MNI for the next two years down to 2.00.

Thanks McClatchy. I love the financial independence that you provided and the boat is really fine! Next stop, Ft Lauderdale and the Caribbean.

Anonymous said...

The story said he sold Knight Ridder stock, not McClatchy, at $80. McClatchy reached as high as $76.05, I believe.

akrondave said...

Yes, it was KR stock and it peaked at a little over $80 per share. I also sold a portion of it at $78 or $79 per share. I'd have to go back into my tax records to verify dates, but I think this was in 2004.