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Lee Enterprises, Incorporated Message Board

  • pipbustergreen pipbustergreen Nov 2, 2013 9:57 AM Flag

    Lonestar Capital Management owns 5.7% of LEE

    Lonestar filed with the SEC yesterday that they have purchased 3M shares of LEE stock between 7/19 - 10/22. They purchased the shares between the price range of $2.44 - 3.04/share. They have no intentions of purchasing the company, but do see LEE is paying too much for their debt servicing. They believe LEE's management is in a position to explore a variety of financing options that would allow for more cash flow to go to shareholders rather than debt servicing.

    Sentiment: Buy

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1.73+0.06(+3.59%)Nov 27 1:01 PMEST