Wednesday, February 11, 2009
Breaking: In early trading, company shares rising
Gannett's stock recently traded at $4.63, up 1.3%, as the company's market capitalization hovers near the psychologically key $1 billion threshold. The dividend yield, meanwhile, has now soared to 35% -- pressuring the board of directors anew, as it contemplates a cut in the payout at an upcoming meeting.
1 comment:
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Half hearted early rise.
ReplyDeleteNow hovering at $4.50.
Can't seem to generate any enthusiasm. People are waiting for the stimulus (hate that word) package and the latest Wall Street bailout before going back into stocks again, I think.
But if it gets above $5 again, I might buy some and go to the stockholders' meeting in 2010. What is the minimum you have to own to get an invite? I sold the last of my Gannett stock in 1985.