Warren Buffett is significantly reducing his interest in Gannett holding - (The Daily Times parent company).'Wondering minds want to know'
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8 comments:
Where did your organization come from? Your coverage is absolutely stellar.
Is SBYnews an affiliate of FOX?
Where ever you came from I'm just glad you have arrived.
We get a paper "what's happening in Dorchester" I usually glance through but there is rarely anything that keeps my attention. Any how, I did notice today while browsing it that it will no longer be mailed to residents for free. It will be $12 for a 10 month subscription (or vise versa told you it is IMHO boring). Is that paper an affiliate of Gannett?
So, will it be a good thing if the only paper in this community shuts its doors?
Not only is the information within crappy, but the quality of the paper itself is shameful. I have never seen a newspaper company consistently put out such poor print quality and survive for long.
11:04 - With the misinformation and bias the Daily Times spreads, it just might be good if it closes its doors. That paper has helped cause more problems by being a propaganda machine and getting stories wrong than would have existed had it not been here at all.
The editorial monkeys at that paper bash the blogs for wrong information, but this blog corrects its errors right away. The Daily Times seldom does and then only late and in some hard to notice way.
The monkeys live in glass cages I guess.
Reply to 8:31 Post
Ditto. . . I couldn't of said it any better.
According to my indicators - Buffett had 3.447 million shares as of August-September 2008.
So he has recently dumped 1.247 million shares by my calculations or 36% of his holdings from the previous year. So he has sold about $19 - $20 million dollars of GCI based on a value at about $16/share.
If he had sold two years sooner his asset would have been valued at $71,079,000 at about $57/Sh. or he would have been about 50 million dollars wealthier.
By my estimation - he is tired of taking a bath - and that is why he has decided to dump.
Don't blame me for any misspellings anymore, they told me my position was "eliminated" . When I had heart surgery last year, they took me off part time status and made me independent contractor. They constantly do away with people who know what they are doing, for people with degrees who don't.
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