The New York Stock Exchange has only been open slightly more than a half hour, but GateHouse Media stock has already dropped 12 cents to an all-time low $1.46 per share.
Today's continued bad news for the stock, which was greeted by investors to the tune of $22 a share when it first went public, came despite an improvement for many stocks after the announcement that the government will not let Freddie Mac and Fannie Mae go under.
I'm trying to figure out how your obsession with GateHouse Media and thier stock price is relevant news? Guess what...we're in a recession...the stock price of several companies are going down. The DJIA is going down. Why don't you write about all the other local companies whose stock price is going down besides just GateHouse and Nexstar?
ReplyDeleteBankrupt may be only way for Gatehouse media to go.
ReplyDeleteNo dividend makes most of funds to sell at this price
To respond to the first anonymous commenter, I find it amusing that every time I write a number of posts on one topic, people start talking about me being obsessed. This blog has always posted information about the local media, and in this area GateHouse Media and Nexstar Broadcasting are big business. And while other stock prices are falling, the shares of these two companies are dangerously close to sliding off the charts. That makes them big news, and for a lot of people, who are interested in this information, this is a reliable place to find it.
ReplyDelete