Wednesday, June 28, 2006
The New York Times: The Stock Goes Down and Down and Down and Down and Down and Down...
Not much to say here, except that we have been warning of this for months. For those of you holding on to NY Times stock, tough going. For those of you who don't:
All the Times that's fit to sell
Check out the graph on the stock which is titled "bad news."
This couldn't happen to a nicer group of leftwing assholes.
Not much to say here, except that we have been warning of this for months. For those of you holding on to NY Times stock, tough going. For those of you who don't:
HAHAHAHA!
All the Times that's fit to sell
The Gray Lady needs to get hitched soon, or else she might wind up an old maid.
That's right, the venerable New York Times Co., which also owns the Boston Globe and International Herald Tribune, would be wise to succumb to the urge to merge in the rapidly consolidating newspaper business.
Let's face it, Wall Street is not overly confident about the company's growth prospects. Sure, the entire newspaper industry has taken a tumble due to concerns about how more and more readers (and advertisers) are shunning ink for online publications.
But shares of the New York Times (Charts) have underperformed its peers, falling 11.5 percent this year and 27 percent in the past 12 months, compared to a 3.5 percent drop in 2006 for the S&P Publishing index and 8 percent decline during the past 12 months.
Check out the graph on the stock which is titled "bad news."
This couldn't happen to a nicer group of leftwing assholes.
