Opinion on  The New York Times Company (NYT)     Sector: Services  >  Industry: Printing & Publishing
Activist Investor Throwing in the Towel... Could Mark Bottom

This is a high-risk idea.  I am generally not inclined to buy stocks in downtrends or try to call bottoms.  However, this news (see story, below) and the stock's almost 5% dividend yield combined with this news tip me to the "trading buy" side, with probably a normal 6-8% stop loss.  Cheers, chrisco

Activist Investor To Sell 10M Shrs In New York Times -CNBC

Oct 17, 2007 09:37:13 (ET)

NEW YORK (Dow Jones)--Morgan Stanley, representing an activist shareholder, is expected to sell 10 to 10.5 million shares in New York Times Co. (NYT), said CNBC's David Faber, citing unnamed sources.

Shares of New York Times recently traded down 61 cents, or 3% at $18.30.

-Brett Philbin, Dow Jones Newswires; 201-938-5393, brett.philbin@dowjones.com

(END) Dow Jones Newswires

October 17, 2007 09:37 ET (13:37 GMT)