This story is getting kind of repetitive but McClatchy shares hit another 52-week low yesterday.
The interesting thing is that the company "did not make a formal announcement Tuesday that would have prompted the slide. The company will release its third-quarter earnings Oct. 16."
I'm guessing that this sudden downward move is in anticipation of more bad news on the revenue and circulation front.
Ouch.
Wednesday, October 10, 2007
MNI Shares Tumble
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2 comments:
Looks like Oscar Corral has also taken a tumble. Where is the cub reporter?
What did McClatchy finally report on October 16?
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