Not Waiting For The Asteroid – small dead animals

12 Replies to “Not Waiting For The Asteroid”

NY Slimes is at a 52 week low today, almost hit $16.00 this morning. Gee, with the market rallying today, how can that be?
Wonder if the fact they’ve sold their credibility for a bag of magic beans has anything to do with it?

Would have made a nice http://tinypic.com/view.php?pic=6tnxemc&s=1“ rel=”nofollow nofollow nofollow nofollow”> short sale.

That rating of Sell is too ambiguous.
IMO – should be a rating of “Dump this turkey ASAP no matter what” …. that is an official rating in My Official Investment Rating system
But in the real world ….. the hedge /margin investors are happy to prolong the slide to oblivion as they’ll milk the cow till it drops dead.

Hey, maybe George Soros is waiting for the right fire sale price to make them an offer they can’t refuse. “Paper of record” or paper of any merit, the NYT’s hasn’t been for years. Their financial reporting is abysmal. They have the most boring hacks on the editorial page. Their international news has been upsurped by good blogs. Their culture/arts/society drivel is appreciated by only a few elitists with generally bad taste.
Pinch piddled away the only thing that really matters at the end of the day for a newspaper, quality content.
Morphed into an all out Soros’ Izvestia for America’s rabid lefty moonbats might give them a better niche, although that would probably drive the stock onto the OTC exchange.
They are dead, they just don’t know it yet.

That sell rating is all the more remarkable given the investment industries propensity to push stocks onto the public. The traditional ratio of buy to sell recomondations is something like 15 to 1, and when they have a stock they don’t like, they are most likely to place a hold or neutral rating rather than honestly call for a sell. Hence “sell” does indeed mean “Dump this turkey ASAP no matter what”.

I was on a plane a year ago with a guy in 1st class. He was a terrestrial radio guy – one of the big outfits that has one guy, a computer in an office, and a broadcast liscence in every major market in the country. We chatted it up for awhile, and soon he came to ask what I listen to. I said I like reggae, and had been an XM subscriber for the past year. I loved it I told him, because I prefer different music – of what I want – at different times. The fat tail and all.
He came back by saying the ‘Jack’ radio format is not a sustainable model, and that they’ll see a return of their core audience over the past year.
That is precisely the discussion you’ll get with people who don’t know what they are doing in the new media.
Don’t trust them with your investment dollars. If you need exposure to telecomm, media, broadcasting etc in your portfolio, chase the new, the hungry, and the smart.
These fossils are dead – they just don’t know it yet.

@Woodporter: One reason for that imbalance is intercompany-political; another is intercompany-political. An investment shop such as Banc of America putting out an explicit “sell” recommendation on a big company implies that:
a) B of A considers the stock to not offer good value;
b) It’s not likely that the New York Times will be sending any investment-banking (or other) business to B of A in the foreseeable future, and;
c) The N.Y. Times corporation lacks the cultural/political clout to get back at B of A for panning NYT stock (e.g., through convincing other companies to withdraw business from B of A and/or shunning it.)
When (a) applies but not (b) or (c), the typical investment shop encourages and looks with favour upon analysts who use the “switch” recommendation, with diplomatic niceties added in the rationale.

Where were you experts when I bought RBC stocks a few months ago?

Kate
buy lottery tickets:-)))))

@Kate:
Myself, I was minding my own business and not sticking my prosboscis into your doings. Life to me seems more civil that way (which, of course, puts me at odds with the elected honchos of most of the levels of government I have to watch out for.)

facts and less liberal opinion would go along way to keeping the print media alive for a few more years.

Dad gum wackos they thinks we birds came from reptiles what a load of popycock bull poo AND IM GOING TO GET VIOLENT WITH THESE CRACKED URNS IM GOING TO PICK THEIR EYES OUT SQUAWK SQUAWK

12 Replies to “Not Waiting For The Asteroid”

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