FeedMedia: GateHouse Media stock at an all-time low
July 7, 2008 in On the Media
By Billy DennisI want to assure folks at the Peoria Journal Star that I take no pleasure in passing along this information:
CHICAGO Stock in one-time Wall Street darling GateHouse Media Inc. fell to an all-time low following a 14.1% price tumble Monday.
There were no announcements, regulatory filings, or analyst notes that might explain the drop of 35 cents to GateHouse’s close of $2.12. Coming into Monday’s session, the once high-flying stock had a 52-week trading range of $2.32 to $19.10.
On a generally mixed day for the newspaper sector, two other companies also scraped new 52-week lows.
I think things are going to get really bad. Soon. I mean, how much bad news can this company take?
July 8th, 2008 at 7:58 am
For what it’s worth, that brings the dividend yield to 37.7 percent. There’s no way a company can sustain that. In today’s stocks of local interest listing in the paper, they give the GateHouse price and the dividend, 80 cents, but not the yield. I’m assuming that’s just a typo.