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Bearish on MNI ...
MNI
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+0.00%
in
3 days
(closed on 07/07/08)
The McClatchy Company operates as a newspaper company in the United States. Its newspapers include The Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer, and The (Raleigh) News & Observer. As of December 31, 2007, the company owned 30 daily newspapers and approximately 50 non dailies located in 29 markets. In addition, it has a network of Internet assets, including local Web sites in each of its daily newspaper markets offering users information, news, advertising, e-commerce, and other services. The company also owns and operates M...
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From the Blogosphere
Newspaper Mania! Strong Gannett Results Spurs Rally In Dead-Tree Media Sector
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Today’s surprisingly strong Q3 guidance from Gannett (GCI), which results more from zealous cost-cutting than from a turnaround in the newspaper advertising market, nonetheless has triggered a buying frenzy in, of all things, newspaper stocks. Check it out: <>Gannett is up $1.86, or 18.6%, to $11.84.New York Times (NYT) is up 47 cents, or 5.9%, to $8.46.Washington Post (WPO) is up $14.96, or 3.3%, to $468.04.Media General (MEG) is up 85 cents, or 10.8%, to $8.75.E.W. Scripps (SSP) is up 72 cents, or 10%, to $7.92.Journal Communications (JRN) is up 29 cents, or 7.4%, to $4.19.<>A.H. Belo (AHC) i...
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I'm getting nervous about this rally
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I wrote about how to play this rally by buying junk stocks. I specifically mentioned McClatchy (MNI). When I recommend the stock back on August 11th, the stock finished that day at $2.06. It's up about 33% since then. The stock has worked well as a trade, but I would suggest exiting it now. The company has had a nice earnings surprise and has aggressively cut costs, but the song remains the same. Unless you know something novel about the newspaper business in general and McClatchy specifically, you should be happy with a sizable gain that you can now put into cash. Enough is enough. I'm pus...
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McClatchy Company - On the Long Road to Recovery
We recommend McClatchy Company (MNI) as a speculative recommendation for risk tolerant investors.
McClatchy, an owner of 30 daily newspapers including the Sacramento Bee, Forth Worth Star-Telegram and Miami Herald, has seen its shares crash since 2007 on plummeting circulation, falling ad rates and a heavy debt load resulting from its ill-timed acquisition of Knight Ridder. After peaking in the mid-$70s in 2005, McClatchy shares touched a low of $0.35 in March 2009. <><>The company has been on the mend, however, aggressively lowering costs and boosting its online presence. In addition, slumping w...
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What you should do if you think this rally is real?
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This advice applies if you just think that there's a few tickets on the clock before it hits midnight. Personally, I think that what we've seen recently has been a sucker's rally. However, even if I'm right, it doesn't mean that someone can't make good or even great money in the short-term taking the other side of my trades.
If you think that the jig isn't up, I suggest stocking up on small cap crap stocks. Craps stocks come hurtling out of their bottoms during rallies like this. Take a look at two homebuilders who many thought would go under, Beazer Homes (BZH) and Orleans Homebuilder...
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This Week's Tech And Media Earnings, April 20-24
 This week's earnings reports. Subject to change; check each company's investor relations Web site for the latest. All times ET.
Monday, Apr. 20 Tuesday, Apr. 21
- New York Times Company (NYT) (11:00 AM)
- SanDisk (SNDK) (2:00 PM)
- Yahoo (YHOO) (5:00 PM)
Wednesday, Apr. 22
- AT&T (T) (10:00 AM)
- Journal Communications (JRN) (11:00 AM)
- Apple (AAPL) (5:00 PM)
- eBay (EBAY) (5:00 PM)
Thursday, Apr. 23 <>Dice Holdings (DHX) (8:30 AM)
McClatchy Company (MNI) (12:00 PM)Microsoft (MSFT) (5:30 PM)Netflix (NFLX) (6:00 PM)EMC (EMC) (Before bell)Amazon (AMZN) (5:00 PM)RadioShack (RSH) (TBA)<><>Join t...
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About The McClatchy Company
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