Wednesday, October 24, 2007

No end in sight for decline of McClatchy stock

The share price for McClatchy, the parent company of the Heralds once again closed down. This time at $16.54.

This from a 52-week high of $44.62, last October. You'll remember that Herald Watch reported Jim Cramer of Mad Money fame's bearishness on McClatchy. At that time the stock was in the $32 neighborhood. Looks like Cramer was right as rain.

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