Short City Update: WPO: stopped-out; JBLU: cover short - Blogging Stocks

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Short City Update: WPO: stopped-out; JBLU: cover short
Sep 10, 2009 10:00 PM UTC

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Symbol	Sentiment	Start	Return	Closed
WPO	n/a
JBLU	n/a

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Filed under: JetBlue Airways (JBLU)

Here's an update on two shorts: The Washington Post and JetBlue:

Washington Post Company (NYSE: WPO). Short price on May 6, 2009: $344.72. Stopped out for loss at $460. Dead wrong with this one: can't win them all. The Post's education segment has grown revenue enough to offset the declines at the signature print newspaper. A modest U.S. recovery will continue to weigh on the print newspaper side's revenue and earnings, but cost cuts and the development of its online unit mean WPO will be a metro daily survivor after the news/media sector's Internet-compelled transformation.

Continue reading Short City Update: WPO: stopped-out; JBLU: cover short

Short City Update: WPO: stopped-out; JBLU: cover short originally appeared on BloggingStocks on Thu, 10 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

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