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The New York Times Company Message Board

  • side_fx3 side_fx3 Mar 2, 2010 3:24 PM Flag

    Why is this stock going up?

    The revenues have been steadily decreases year after year, the website is not making up for it, revenue only increase a bit more than a percent from 08 to 09, and I think the internet generation is already settling in on where they get their news sources online.

    The idea of getting revenue from a pay online site is untested, and IMO unlikely to be successful.

    Current P/E in the 80's.

    Can someone give me an argument for why this has been going up?

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