Junior Sulzberger needs to take some lessons from Ospring I. Or, perhaps, it is the remaining fools who continue to hold New York Times Class A stock.
My short notes on the performance of NYT Class A only occurr when the stock passes another dollar sign on its way to ???
The stock closed at $22.92 after touching $22.87.
How does sedition taste when you roll it around in your mouth, Junior? Has it lost its fruity bouquet yet?
BTW - Volume was up on the stock - there are some institutions squeezing out on a down day.
2 comments:
Wow, that was fast. Wonder where the near term bottom is?
"Wonder where the near term bottom is?"
I don't think there is one. The Sulzberger ownership precludes typical board action - removal of the failed CEO - so there is no way to evaluate a potential stopping point.
It's still not a short unless you've got an iron stomach. As rich as the Sulzbergers are they could still decide that Junior is too big a liability and firing him is worth at least a 20% bounce.
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