Thursday, December 11, 2008

Gannett stock plunges 12%; S&P-500 down 3%

Shares closed at $7.59 today, down $1.02, or 11.9%, amid news the company may dramatically scale back its money-losing Detroit operations. Meanwhile, the widely watched S&P-500 index fell 2.9%.

[Image: Google Finance]
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3 comments:

  1. Anonymous12/11/2008 7:39 PM

    And your point is....

    ReplyDelete
  2. Anonymous12/12/2008 3:47 AM

    This is great. Lay off thousands of employees to cater to stockholders, and this is how they repay you.

    I had a girlfriend like that once.

    Once.

    ReplyDelete
  3. Anonymous12/12/2008 7:29 AM

    it's newsworthy. Big Three auto loan bailout breakout last night won't help the price either.

    ReplyDelete

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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