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Lee Enterprises, Incorporated Message Board

  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Jul 30, 2009 2:20 PM Flag

    don't try this at home:

     

    today:
    25k @ 1.50
    25k @ 1.47
    20k @ 1.2945

    unless you don't mind cuts from falling knives!

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    • LEE is still higher than its Monday opening price. It is going much lower....the earnings report did not impress.....no matter how you try to twist things, LEE has 1.2 Billion in debt and is not allowed to buy back shares or issue dividends for at least three years (due to their loan covenants).

      I am buying at 60 cents....it might head there again since the shorts have no need to cover, and lots of speculators who lost will sell, and those with profits might sell and move on, as well.

      AHC is the play...No debt. I really liked LEE until today. Trust me, they flopped. If they would have had a good quarter the price was going to $3 today...it was all set up and they blew it.

      I am in at 55 cents and out at $1.59. Today is the end for LEE for quite a while.

 
LEE
3.165-0.005(-0.16%)10:15 AMEDT