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Sold a lot in the $3.50-3.90 range. Have a very miniscule position now. I love the company, but I think the stock got a bit ahead of itself short term. It MAY tread water for a while, and not even drop much....but my fear is that the cost cutting at LEE wasn't as deep as at MNI. So the earnings results may result in some additional short-term weakness in the stock. I'm not predicting it, per se, but I'm looking at a potential opportunit to re-enter here, more aggressively, possibly as low as $2.00-2.25. Failing that, if the stock treads water, and I can buy back in around current prices, a few months from now (perhaps before the next earnings release), that is what I will look to do. In the meantime, short term, anyway, I just think there are better opporrtunities out there. (Mind you, longer term, I believe this can be a $10+ stock again...perhaps in 1-2 years.)
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Messages in Topic
| Subject | Author | Rating | Time of Post (ET) | ||
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I've sold almost all of my LEE.
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longtimefol... | Not rated | 4-Nov-09 11:07 pm | ||
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I'll bet you it breaks $4 by Friday the 13th.
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momoney4444 | Rate it | 5-Nov-09 04:52 pm | ||
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Certainly not as a result of the earnings. I...
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longtimefol... | Rate it | 6-Nov-09 12:27 am | ||
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Every single one of these newspaper stoc...
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momoney4444 | Rate it | 6-Nov-09 09:16 am | ||
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Your comparison is too simplistic. ...
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longtimefol... | Rate it | 6-Nov-09 11:30 am | ||
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Thank you for taking the time ...
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momoney4444 | Rate it | 6-Nov-09 12:47 pm | ||
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"on the bet that LEE runs...
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longtimefol... | Rate it | 6-Nov-09 04:35 pm | ||
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Right, exactly. The...
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momoney4444 | Rate it | 6-Nov-09 09:00 pm | ||
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Longtimefollower,
The excellent results that your...
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pjv2xyw9dww... | Rate it | 6-Nov-09 07:38 am | ||
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It's a good point; tax considerations (espec...
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longtimefol... | Rate it | 6-Nov-09 11:32 am | ||
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two possible reactions:
sell in 2009 ...
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pjv2xyw9dww... | Rate it | 6-Nov-09 11:44 am | ||
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Longtime...
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newspaper_a... | Rate it | 6-Nov-09 06:46 pm | ||
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Hahaha...we're taking over all the newspaper ...
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momoney4444 | Rate it | 6-Nov-09 09:07 pm | ||
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I DO think it is the best managed newspaper c...
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longtimefol... | Rate it | 7-Nov-09 12:45 pm | ||
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Hey, where's the elsewhere to make money...
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momoney4444 | Rate it | 7-Nov-09 01:17 pm | ||
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FBN, ACLS, among others. (Some I ...
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longtimefol... | Rate it | 7-Nov-09 09:52 pm | ||
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Long,
Congrats!! You did well in LEE. You wer...
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pipbustergr... | Rate it | 6-Nov-09 08:30 pm | ||
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Thank you. Good post. I certainly don't "be...
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longtimefol... | Rate it | 7-Nov-09 12:49 pm | ||
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Sold at $3.45 because it seems to have r...
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momoney4444 | Rate it | 9-Nov-09 10:19 am | ||
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up 11% is not the "mkt"
someone ...
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rematter | Rate it | 9-Nov-09 11:08 am | ||
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>>Someone knows something....
...
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longtimefol... | Rate it | 9-Nov-09 11:24 am |
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