Those who invested $100 on Dec. 26, 2004, in Gannett's stock, the S&P 500 Index, and a peer group of companies, were left with the following at the end of last year:
- GCI: $22.34
- S&P 500 Index: $102.11
- Peer group: $29.88
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My workload increased 6-8-fold over that time.
ReplyDeleteI got 2-3% raises, except for last year of course.
During the same time frame, Dubow's "leadership" tanks that stock to 1/4th what it was.
And how many millions did he get?
This is why this company is doomed to fail.
(Mis)management 101.
Sold the 401k stock in the mid-30s, and bought a whole lot more than I sold at $4, been in and out a few times since, to good effect, and "in" again at the moment with a cost basis around $10/share.
ReplyDeleteI feel bad for the "buy and hold" crowd, certainly, as investment advisors drilled that into everyone re their retirement accounts for 20 years. "You can't time the market!" they would say, and show graphs to prove it.
Yeah, well, except when you've got a once-in-three-generations event like we've seen the last 2.5 yrs, then you certainly could have timed the market --we did; our combined 401ks have doubled since the summer of 2007 because we missed most of the down, and caught all of the up.
I'm a buyer of GCI below $14 and a seller above $20. Right here it is just drifting, tho I wouldn't be surprised to hear after the quarter that somebody sold off a largish chunk again. It's been showing evidence of somebody selling into rallies lately. Up off the open, and drifting down the rest of the day.
Journal Communications is a peer? 33 radio, 13 television and a handful of papers? Oh wait - stock price $3.96, I see where the peer part comes in.
ReplyDelete