Hey Longtime, once again you are making these micro-price predictions??? Come on man, no one, not you and not Warren Buffett, (still a large holder of Lee debt and small holder of stock) can do that. Just relax, Lee will be fine and so will we, if we have some patience.
I'm sure management is aware of the opportunities that the marketplace may be offering it.
Fortunately, I reduced my position by 2/3, over the last few days/weeks. But I look forward to the chance of "reloading," on any further material sell off.
I don't expect to attend the annual meeting this year.
Keep in mind that MNI is down to like $2.55, so since my interest in LEE is relativistic to MNI and GCI, in particular, I view Lee as somewhat less attractive, compared to when MNI was at $3.20, a few weeks ago. (But I still view Lee as fairly value, in the short term, at $1.30-1.50....because fair value stands apart from what Uncle Warren may or may not think.)