25 Years of No Gains

The New York Times’ ($NYT) closing price on July 21, 1986: $14.83

The New York Times’ closing price on July 21, 2011: $9.14

Ten years ago, the stock was at $46. The company suspended its dividend in 2008.

NYT just reported earnings of 14 cents per share which was five cents more than expectations. Quarterly revenues dropped by 2.2%. Print advertising fell by 6.4%. The shares are down below $9 in today’s trading.

Posted by on July 22nd, 2011 at 10:48 am


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