Tuesday, April 17, 2007

Cramer bearish on Tribune Company

CNBC and thestreet.com stock market guru Jim Cramer was unequivocally bearish last night about The Tribune Company which owns several media properties including not only the Chicago Tribune but also the Sun-Sentinel and WSFL-TV in South Florida.

On his show, Mad Money, Cramer said of the stock, "You want to sell that nine ways to Sunday," adding that even Tribune employees should be selling their shares and making sure their 401k money isn't tied up in company stock, predicting an Enron-like debacle in the company's future.


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