Friday, July 18, 2008

End of another terrible week for MNI shares

Anyone who is foolish enough to still own shares of Herald parent company, McClatchy, must be saying T.G.I.F. as the stock closed at $4.61. That's a drop of 5.73% just today. As has been par the course, the stock traded at a new 52-week low of $4.46 before rebounding slightly at the close of trading. I can only cringe when I think about the fact that in April of 2005 this stock was trading for $75.

H/T: Big Bob

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