McClatchy (MNI) Started At "Underperform" At Bear Stearns

Investing

Published: November 21, 2007 7:25 am

Last Updated: March 26, 2020 8:15 pm

As 24/7 Wall St. pointed out yesterday, financial matter are getting dire at newspaper chain McClatchy (MNI). October sales were off almost 10%. The stock hit a 52-week low of $14.07 on the news. The 52-week high is $43.70.

This morning Bear Stearns (BSC) initiated coverage of the newspaper company at "underperform".

Douglas A. McIntyre

Read the 24/7 Wall St. "New Media" newsletter and follow our opinions on companies from Google to AT&T to the New York Times, Viacom, and News Corp.

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