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February 13, 2007 / Toby Dayton

How Have the Past 2 Years Been for McClatchy?

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.

[tags]McClatchy, Publishing, Death of Newspapers, Barry Lucas, Gabelli & Company, Awful Stock Picks, Stupid Analysts[/tags]

2 Comments

  1. Gunnar / Feb 13 2007 11:00 am

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

  2. gl hoffman / Feb 13 2007 6:39 pm

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

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