We could see low 4's within days and if that doesn't hold, 3 is very likely. ---------
The thing about MEG is the float's only around 21 million shares. Around 4 million are currently sold short. With the average volume around 150k it doesn't take much to move the stock. It really is a stock you can buy on the dips and sell on the rips. You never know. Fundamentals may change if the paywall method the NY Times catches on.
The paywalls will not work with MEG unless they were to actually follow through. Locally the website is only updated on the average of every two to three days. Why would you pay for the web site when the printed version hits the streets days ahead? MEG does not get it! On top of that they want you to pay extra if you are a print subscriber. Why would you do that? Print subscribers already get the local news sooner than on the web site. Management is just dumb and dumber! Right now except for the obits and web site is two days behind on "Headline" news. The editorials are over 6 months behind. There is no "value added" to the web sites and they still want to charge? Most of the news locally shuts down at 5pm every day. Reporters no longer go out and gather info. They wait around the office all day and expect news to come to them. Typically they pick up stories from the area TV stations or other websites. No real journalism going on at MEG.