This blog features observations from Randy Turner, a teacher who can't stop writing and also a former newspaper reporter and editor. Send news items or comments to email@example.com
I think you might have jumped the gun a little, Randy. I believe it closed at $1.04. Trust me they need all the pennies they can get. Also, it's Tuesday closing.
I was accurate, but I was not very clear in what I wrote, so I apologize for that. The 98 cents was an all-time low for GateHouse Media and came just before the close of trading. The price rebounded slightly to $1.04. The Monday reference was to the $1.36 closing price on Monday.
the stock price reflects buyers and sellers in the open market. The stock price has no bearing on the financial stability of the newspapers or company. If the stock goes to $100.00 a share the company doesn't make any more money. Once the stock is initially sold, then GateHouse gets their money. Everything else is just investors vs. investors
Post a Comment