First, see how AHC reported on July 27th (strikingly similar to LEEs report): http://finance.yahoo.com/news/AH-Belo-posts-wider-2Q-apf-3703675074.html?x=0&.v=1Second, go to this link to see how AHC is doing today, lol: http://www.google.com/finance?q=NYSE%3AAHC
Funny! I was just going to post that people must be selling LEE to buy AHC. Maybe I'll do the opposite.
I sold all of my LEE. What you need to remember is that LEE had much more speculative runup in price latly, while AHC did not.LEE's price is vulnerable here. It traded at 1.40 early yesterday. I own AHC, as well, and that is the only newspaper stock I will own for a while unless I buy GCI.If LEE would have come through in the clutch the shares would have soared. They blew it...but I basically only missed one day of runup, since it closed two days ago at 1.63. I am OUT of LEE.
That's what I was wondering but I'm sure some of this is already priced in to our current pps.