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Media General, Inc. Message Board

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  • danashenfelter danashenfelter Mar 16, 2011 5:00 PM Flag


    I guess the question is will we retest the Nov 30 closing low of $4.26 and the intraday of $4.18. That could be a great trading price. Hold until just over $5.00 for a 20% profit. Sell at $6.00 for a 40% profit.

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    • We are getting closer folks! $4.42 at noon today.

    • I belive we could see a new low in 2-3 weeks. I also believe they will drive the price back up around 7 at some point. Then back down again. It is if this stock is taking it's last gasp occasionally as it slowly dies. According to the trend of the past 5 years it has about a year to one and half years before the steam belches one last time before this ship sinks for good.

      • 1 Reply to dogbreath421
      • The most important factor is that the controlling local powers maintain control in a worst case scenario. In a worst case scenario the bondholders own the company. Which leads to the critical question- recall the $300 mil 'private placement' yielding a whopping 12%, proceeds which were used to pay off lower rate debt that was maturing.

        Who were these 'private investors'? A good hunch is that they include the 'controlling local powers'. Which in a worst case scenario would mean the 'controlling local powers' would still control the much of the company by owning $300 mil of the debt.

        Whomever in actuality owns the $300 mil in debt is collecting a fat 12% for I believe is for 5 years.

        Pure speculation, but plausible. Newspapers and local TV are not good money makers due to the internet, but still have a powerful local influence. That 'control' is more valuable than money.

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