The average annual rise in newspaper industry stocks last year was 200.6%, leading blogger
Alan Mutter says today in a new post. "But don’t uncork the champagne just yet,'' he writes today in a new post. "When you compare the value of the publishing shares at the end of 2009 with where they stood four years earlier, you will find that they have shed, on average, nearly three-quarters of their value since 2005, the halcyon year for modern newspapering."
The performance from 2005-2009 for major stocks I follow, with their 2005 closing prices, according to
Mutter's analysis:
Earlier: company-by-company share performances for 2008-2009
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There was one kid in online at the Republic -- he bought bunch of Gannett stock when it was at its low last year. He said he wasn't going to cut his hair until Gannett was back at $75. Then he got laid off. Could be a mixed blessing, if he's got his stock still. And his hair.
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