This blog features observations from Randy Turner, a former teacher, newspaper reporter and editor. Send news items or comments to rturner229@hotmail.com
Tuesday, July 15, 2008
GateHouse Media drops below $1
GateHouse Media not only reached another all-time low today, but it was one of Titanic proportions.
The sinking stock has fallen to 98 cents per share, down from $1.36 at the close of trading Monday. Closing stock prices will be posted momentarily.
3 comments:
Anonymous
said...
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
3 comments:
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
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