Into the toilet slowly, having lost about half its market value since it began trading in June. Reading Selley's cruddy column today made me curious as to how the stock was doing. It also helps explain how the stock is doing. Although Selley is hardly the only crud-pumper at the National Post.
In all honesty, what the hell is happening with this stock? I find it hard to believe that NatPo is getting squeezed that hard by competitors. Has anyone published their thoughts on why the stock is tanking?
I don't know about other papers across the country owned by PostMedia, but the Montreal Gazette is carrying so much of their content now that is like a mini-me. I intend to cancel my subscription and if enough disgruntled readers do the same, maybe we sink this stinker.
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