Does anyone really believe they have done this deal NOT to make money? Come on guys. Many of us have hung on through thick and thin with NCT just because we've had confidence that management knows what it's doing. The quick recovery within the past 1/2 hour shows that the sell off was a knee jerk reaction and saner heads have now prevailed. It's dimwits like meesoo and his alter ego warcoochy posting false and misleading information that uninformed investors jump on. Trading was never halted this morning according to Schwab and there was never any mention buyout. Truly false info.
This is as real as it gets. I work for a community newspaper group about 70 miles from Gatehouse corporate in Fairport, NY. I know these people well and have done business with them over the past decade or so. They run a pretty lean ship, I don't see a lot of fat too be cut out. On the other side of the equation, the revenue picture has hopefully bottomed out and we'll see a little growth. They may be in a good position to leverage the addition of Dow to bring in more national advertisers to the local level. Major daily newspapers ounce owned this segment, advertisers are now looking community papers as they haven't suffered the sever circulation drops the majors have. It's not a bad play, they are buying assets near the bottom and may be well positioned if the economy ever improves.
The reaction was kneejerk, but the headline in my Schwab account is real, although it appears that trading never did halt. Can't explain that, as I tested the system and got 1,000 shares at $5.30 by accident. Seems like we're operating more like a hedge fund than a REIT!