Wednesday, November 28, 2007
Gannett stock at new low on reduced forecast
Shares traded as low as $36.18 today -- a new 10-year low -- after Banc of America cut its forecast for where the stock is headed. The investment bank issued a similarly negative outlook for shares of McClatchy, GateHouse Media and Lee Enterprises. And in its harshest assessment, it urged investors to dump New York Times Co.'s stock.
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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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