1. Welcome to SportsJournalists.com, a friendly forum for discussing all things sports and journalism.

    Your voice is missing! You will need to register for a free account to get access to the following site features:
    • Reply to discussions and create your own threads.
    • Access to private conversations with other members.
    • Fewer ads.

    We hope to see you as a part of our community soon!

McClatchy stock is going CRAZY today

Discussion in 'Journalism topics only' started by LongTimeListener, Feb 7, 2012.

  1. LongTimeListener

    LongTimeListener Well-Known Member

    As I write this, it's at $2.82, which is a 26 percent jump so far today. Still 95 percent off the heady days of 2006, but they appear to have staved off complete dissolution for a while. They had really been nose-diving three months ago.


    Earnings story says they earned 49 cents a share, up from 17 cents a share a year earlier. We'll all be happy to know that cost cuts are being credited for the increased margin.
  2. Ace

    Ace Well-Known Member

    The displaced McClatchy workers can just buy stock with their unemployment checks. Everyone wins.
  3. Point of Order

    Point of Order Active Member

    They must be trying to sell.
  4. LongTimeListener

    LongTimeListener Well-Known Member

    They have had these spikes before once they get below $2, so I tend to believe it's as much due to accounting tricks that they showed such great growth.

    But if they do remain an independent company, I'm putting them on my watch list. They get down below $2 again and it might be worth sliding some money over for the run-up.
  5. steveu

    steveu Well-Known Member

    Weren't 4Q results released today?
  6. HackyMcHack

    HackyMcHack Member

    They were. http://www.mcclatchy.com/2012/02/07/2456/mcclatchy-reports-earnings-growth.html
Draft saved Draft deleted

Share This Page