Tuesday, February 05, 2013

Stock | GCI to trade after second-steepest drop

The company's shares resume trading this morning after closing Monday at $18.51, down 6.7% after the fourth-quarter financial report. It was the steepest one-day decline since April 16, 2012. GCI ended that day at $13.89, down 7.7%, after Gannett reported first-quarter financial results that also disappointed investors.

Yesterday, it's worth noting, U.S. stocks suffered their worst day of the year after political worries sent Italian and Spanish debt yields soaring, rattling investors around the globe.

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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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