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Lee keeps on slipping

Discussion in 'Journalism topics only' started by StraightEdge, Jul 4, 2008.

  1. StraightEdge

    StraightEdge Guest

    Lee's down to $3.26 per share. Anyone else worried? Anyone heard anything?

    http://finance.google.com/finance?q=NYSE:LEE

    http://mediafade.blogspot.com/2008/07/lee-enterprises-joins-wide-meltdown.html

    http://www.fool.com/investing/value/2008/06/04/bad-news-in-ceo-pay.aspx
     
  2. ServeItUp

    ServeItUp Active Member

    Fuckin' Chrysler plant, here I come!
     
  3. slappy4428

    slappy4428 Active Member

    Scouts?
     
  4. ServeItUp

    ServeItUp Active Member

    I'm too old to be traded. A million-to-one shot.

    And while I am quoting the greatest hockey movie ever, it all rings too true in light of that info.
     
  5. Tucsondriver

    Tucsondriver Member

    Lee's plunge continues after company reports 3Q profits down a whopping 87%. Compnay lost like 12% of its value today alone, but is up slightly from its $2.99 5-year-slow it hit a few weeks ago. When a share of Lee costs less than a double-double - panic!


    http://biz.yahoo.com/ap/080724/earns_lee_enterprises.html?.v=3

    http://finance.yahoo.com/q?s=LEE
     
  6. Tom Petty

    Tom Petty Guest

    fucking industry.
     
  7. Jay Sherman

    Jay Sherman Member

    Too bad gas prices aren't falling as fast as Lee's stock.
     
  8. StraightEdge

    StraightEdge Guest

    The Newsosaur guy wrote a blog during mid July suggesting some, like Lee, buy back stock while it's cheap and go private. Dunno if that will help or make it worse. I understand JRC stock dropped below a nickel recently.

    So, just what happens when companies like these go to shit? (Thinly veiled attempt to wonder if I'm going to lose my job before Christmas.)
     
  9. ServeItUp

    ServeItUp Active Member

    Let's not forget Lee CEO Mary Junck (appropriate name, that) gave herself a 17.8 percent raise, notwithstanding the stock's performance. Fucking bitch.
     
  10. EStoess

    EStoess Member

    On an unrelated note, JRC stock worth less than a nickel.

    http://crainscleveland.com/article/20080725/FREE/77674579/1022
     
  11. StraightEdge

    StraightEdge Guest

    It's not her fault. It's the "economic downturn."
     
  12. JBHawkEye

    JBHawkEye Active Member

    The purchase of the St. Louis Post-Dispatch has really hurt them. They had no business buying a paper that size, because I don't think they knew how much in the long run it was going to cost them.
     
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