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How Have the Past 2 Years Been for McClatchy?
I’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.
[tags]McClatchy, Publishing, Death of Newspapers, Barry Lucas, Gabelli & Company, Awful Stock Picks, Stupid Analysts[/tags]