This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
Tuesday, September 8, 2009
Some reporters definitely have financial savvy...
This guy sold his McClatchy stock when it was $80 a share. Great timing. . . .
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.
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.
5 comments:
$80 a share? I can't remember that far back.
It was never $80 a share.....
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.
The story said he sold Knight Ridder stock, not McClatchy, at $80. McClatchy reached as high as $76.05, I believe.
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.
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