Updated at 6:27 p.m. ET: GCI stock closed at $17.99 a share, down $1.08, or 5.7%, capping an absolutely miserable day on stock markets overall.Earlier: GCI stock is now trading at about $18, down nearly 6%, as the overall market takes it in the chops.
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It's a real whacky market. Dollar sinking. Bonds aren't a safe haven. Now the commodity prices have killed demand for even oil, and there's no place to go with your money except to hedge bets with lots of stock or hide it in the mattress. It's that second option that causes market crashes, so ... scary scary. Not so concerned about Gannett stock price as I am about stable global markets.
ReplyDeleteJim,
ReplyDeleteYou should have someone cover the Unity event in Chicago. I hear that none of the executives have shown their faces except for Dickey and Saradakis.
At least these guys made the effort. I haven't seen Dubow or anyone else from the upper eschelon.
We lack diversity in Senior Management.
These fools pretend to care about us. Who are they kidding? They are just going to tell us how important it is to "recruit" people like us and then they turn around and fire all of us!
anonymous said at 10:57pm.. "These fools pretend to care about us."
ReplyDeleteSue Clark Johnson once said, "Our employees are our greatest asset."
Didn't believe her for a minute. Look whom they're cutting now? And nothing but silence from Dubow and Gannett's Elite 120. What are we to think?