New York Times
This is a tough one to handicap because we don't actually know where the "bottom" is. It's obvious that the WaPo is hanging on a little bit better than the NYT or the Trib (LA Times) but for how long? When it cracks down will it take the same angle of descent as TRB did last week or will it bleed off more slowly?
I think I would put my money on NYT reaching bottom ahead of the others but I sure wouldn't want to bet on where bottom is - somewhere south of $20 I imagine. Unless someone looks closely at their pension fund liabilities and the portfolio assumptions that they are using to mask them. An 8.5% return is possible. Some years.
Bombing in Downtown Budapest
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