tag:blogger.com,1999:blog-4726844761468242273.post6336275108664146955..comments2023-10-07T05:29:20.923-07:00Comments on McClatchy Watch: Moody's downgrades McClatchy, tooUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4726844761468242273.post-80558897568236471472009-05-22T13:12:55.362-07:002009-05-22T13:12:55.362-07:00You gotta love the article in SACBEE today in the ...You gotta love the article in SACBEE today in the Business section (?) "Owner of Bee pushing bond bid". <br /><br />"The McClatchy Co. made a bold bid to erase a chunk of debt Thursday by offering to buy back its publicly held bonds at a steep discount."<br /><br />"Stockholders responded enthusiastically. McClatchy shares closed at 82 cents, up 19 cents, on the New York Stock Exchange.'<br /><br />So you could have owned shares of a loser at 63 cents a share or you could now enthusiastically own shares of a bigger loser at 82 cents a share. <br /><br />I want in on the deal!! A loser is a loser no matter the price. Get used to it McClatchy. Fini is comingAnonymousnoreply@blogger.com