There Should be a boatload of resistance at $1.70-1.80.
This was the high trading range on June 25, 26, and 27th, 2012, when the stock spiked up on over 1 million shares a day avg. volume.
Seeing where GCI and MNI are trading, i don't see why we should trade above the range noted above, in the near term...although granted, the company is performing quite well, in the broader context of the industry.
The trick here is not the "if" but the "when" the short term sell turns to long term buy......Warren refinanced that second lien debt which can only be seen as a plus for LEE. This makes LEEs prognosis positive long term like you say. The question is when the debt gets low enough and people see that these small town papers are so much different than the big ones, and that most of LEE's assets are well underpriced....