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The McClatchy Company Message Board

  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Aug 17, 2009 11:03 AM Flag

    one dollar and seventy cents


    It seems that the share price is being ornery now, staying in the $1.80's just to deny me shares at $1.70.

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    • Thank you for sharing.

      Let me suggest this. Buy 5000 more at $1.82 GTC. And another 5000 at $1.63, GTC. And another 5000 at $1.46, GTC. And another at $1.36, GTC.

      You'll possibly get the $1.82, and, if the market corrects back to Dow 8600 (which I don't expect), you might get the $1.63. If you sold 10,000 at $2.31, and think the stock is going to $8.50, why not buy back, at the point at which it looks to you like the stock is finishing "basing," which would still be, presumably, at a lower price than you sold out at? Instead of "giving up" on getting your $1.31 price, if you compare MNI's 2010 expected EPS to, say, LEE and GCI (the 2 other premier players in the biz, IMHO), and see that MNI is the least expensive on next year's earnings, why not go back in at even $2.00-2.15...especially if it is still at that level, a mere week or 2 before the 9/30 earnings.

      This is my point. There is a RICHER CONTEXT for whether to buy or sell, and at what price to buy or sell than simply setting rigid and doctrinaire price points.

      Personally, if MNI is sitting around $2.00-2.15 a week before the earnings release, and I have the capital, I'll probably look to increase my position 25-40%, as I think they can earn as much as 40 cents in the 9/30 quarter, and the Street will take the stock up to new 52 week highs (probably $3.00-4.00), if they do that.

      What is your estimate for Q3 on EPS again?

      Can you share with this board any concerns you have about "long term damage" to the product MNI is putting out, from all the Draconian cost cutting? Your expertise is solicited.

    • hang in there, you'll get them, on the way down to $1.35. Stay patient, watch for end of day selloff.

13.64+0.27(+2.02%)Jun 28 4:02 PMEDT