Saturday, July 12, 2008

MNI Shares tank again

Shares of Herald parent, McClatchy dropped again during trading on Friday. The stock closed at $5.09 after reaching another 52-week low of $4.85 (the first time the stock has dropped below $5.00) during the day.

Less than two years ago this stock traded in the $40s. A devaluation of nearly 90%.

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