Diggings

A blog by Toby Dayton
How Have the Past 2 Years Been for McClatchy?

Posted on Tuesday 13 February 2007 |

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mcclatchy-2-yr-chart.jpgI’m not a professional stock picker, but McClatchy’s 2-year stock chart has to be one of the worst on Wall Street. In the past year alone, the S&P has climbed more than 10% while McClatchy’s market cap has declined over 30%. And yet, Barry Lucas, an analyst at Gabelli & Company, recently issued a buy recommendation on the stock. If the company looks good to Lucas at $38, just imagine what a steal the stock will be at $25 per share, or $10.

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  • http://1raindrop.typepad.com Gunnar

    the real question is – did you short them 2 years ago?

  • http://blogs.jobdig.com/wwds gl hoffman

    Short, pithy commentary is much, much easier to write, isn’t it?