GCI - (The Daily Times parent company) - stock value continues to plummett. For the ump-teenth time this year, Gannett has broken yet another record low level. The stock tanked to $6.07 per share during regular trading, and, in after hours it has tanked yet again . . .and is currently trading at $5.85/Share.
How low Gannett will go remains to be seen. But even at these price levels it can't seem to get its footing. There is not much more room between this level and the bottom. Stay-tuned folks, things are really getting interesting.
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10 comments:
I knew they were in bad financial shape. But, I never dreamed they were this bad off.
No wonder they sold their building.
We aint seen nothing yet, this economic melt-down is just starting to roll.
To Beezer:
I wonder how they'll try to slant and spin this information.
It's hard to argue the facts. Funny, I've never read a word about this their own newspaper.
I've really learned a firsthand lesson on Spin Factor locally.
To 4:24, if you ever read anything besides this blog you would know that Gannett is actually better off than most daily newspapers. It's the economy, stupid.
How can The Daily Times hide from this information?
I've not read any coverage on this in the DT newspaper.
Are other stocks that are down as well? My, my, my!
Barry G
To slow to compete with 24/7 news,(Bloggs). Every dog has its day.
how low will the entire economy go. what the heck is so special about Gannett? everyone is tanking.
The Times are the only newspaper for a good distance. Since they have a paper media monopoly I wouldn't think they should be doing so poorly.
It is true that everyone is taking a hit in this economy, however 98% of them don't have a monopoly, they have competition.
Not Wall-Mart or Sams Club.
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