Mon, Sep 15, 2014, 1:23 AM EDT - U.S. Markets open in 8 hrs 7 mins

Recent

% | $
Quotes you view appear here for quick access.

Lee Enterprises, Incorporated Message Board

  • timothycharnote timothycharnote Nov 30, 2012 6:21 PM Flag

    WHY IS THERE A HUGE SUDDEN DISCONNECT IN PRICE BETWEEN MNI AND LEE

    I have been following these 2 stocks for years,so has Longtime follower. I have made money and lost money on both. Mni has a HUGE SHORT INTEREST and Lee does not. Maybe I just answered my own question???Normally for the past 2-3 years MNI trades about 50%higher than Lee. Now Mni is trading at almost 300% higher. Am I missing something.........

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • No, I think you're on to something. Shorting MNI and buying LEE seems like a great "pair trade," especially now that the "good news" of the MNI refi is fully, or mostly fully, priced in.

      But personally, I have just been nibbling on LEE (reentering after the Buffett induced plunge a couple weeks ago), and don't intend on shorting MNI...unless it runs up to $4, perhaps.

      I think LEE is a great place to "park money," at the very least, at $1.18. I see it trading back up to $1.30-1.40, anyway, by early next year.

      Sentiment: Buy

 
LEE
3.79-0.04(-1.04%)Sep 12 4:03 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
21Vianet Group, Inc.
NasdaqGSFri, Sep 12, 2014 4:00 PM EDT