Click on this chart to make it bigger. Gannett shares (blue line) closed Friday at $44.74, down 4.3% from the week-before close. That compares with a 2% gain in the S&P-500 Index (red), which measures the broader market. Gannett's closing price was the lowest since May 2, 1997, when shares closed at a split-adjusted $43.88, says Forbes magazine, which notes it was a bad week all the way around for newspaper stocks. "Nothing particularly new is moving the stocks -- it's just the same old, same old,'' writes columnist Louis Hau. "Monthly advertising numbers for July and August showed further declines, giving investors another excuse to lose shares they weren't terribly excited to hold in the first place."
Saturday, September 15, 2007
Gannett stock: It happened this week
Click on this chart to make it bigger. Gannett shares (blue line) closed Friday at $44.74, down 4.3% from the week-before close. That compares with a 2% gain in the S&P-500 Index (red), which measures the broader market. Gannett's closing price was the lowest since May 2, 1997, when shares closed at a split-adjusted $43.88, says Forbes magazine, which notes it was a bad week all the way around for newspaper stocks. "Nothing particularly new is moving the stocks -- it's just the same old, same old,'' writes columnist Louis Hau. "Monthly advertising numbers for July and August showed further declines, giving investors another excuse to lose shares they weren't terribly excited to hold in the first place."
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Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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