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Lee Enterprises, Incorporated Message Board

jrchook123 3 posts  |  Last Activity: Oct 17, 2014 12:48 PM Member since: Mar 4, 2013
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  • jrchook123 by jrchook123 Oct 7, 2014 1:17 PM Flag

    Hopefully, CLF is near the bottom.

  • I wonder if this write-down is needed painful medicine to get this ailing company back on its feet? I was curious to what happened to other companies after they took major write downs. Almost exactly 2 years ago, Hewlett-Packard took an $8.8 billion write down. Today, its stock is up almost 200%. Very few people made that call in November 2012. I know HPQ is in a different business with different dynamics, but has anyone ever studied what happens to a company's stock in the wake of a major write down? Of course, that would have no relevance to short-term traders, but I am a long-term investor. My biggest fear with CLF is bankruptcy. But would Casablanca be willing to take a huge loss on its investment? It would seem it would do whatever it can to keep out of BK. Or, could it do a pre-arranged BK with the backing of its creditors, like LEE did, in which equity holders weren't wiped out?

3.74+0.06(+1.63%)Dec 26 4:02 PMEST

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