Friday, November 15, 2019
DEAD-TREE SHOCK!!! KANSAS CITY STAR PARENT COMPANY McCLATCHY STOCK RIPPED TO SHREDS TODAY!!!
Posting this market round-up not to gloat but simply to note that the newspaper company can't go on like this and drastic change is coming sooner than our print-media pals are telling readers.
To wit . . .
AFTER TRADING TODAY NEWSPAPER GIANT McCLATCHY IS NOTHING MORE THAN A TWO-BIT STOCK WITH LITTLE HOPE OF ANY SIGNIFICANT REBOUND!!!
As always, we advise NEVER to take economic advice from bloggers . . . Nevertheless, here's a glimpse at the numbers that local media is politely ignoring.
The McClatchy Company (MNI): 0.4870 -0.9130 (-65.21%) at close.
Bezinga: McClatchy MNI shares were down more than -65% over the session, having began the day with a 52-week low.
THAT'S RIGHT, THE KANSAS CITY STAR PARENT COMPANY IS NOW PRICED AT LESS THAN 50 CENTS!!!
De-listing is now a very real possibility but hedge fund break-up and acquisition in the very near future is more likely.
Developing . . .