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November 11, 2008

New York Times hits new low

By Thomas Lifson

Not just journalistically. The common stock of the New York Times Company fell sharply Monday, and continues down today. As of the time of this posting is at $8.16, down from a high of over $50 six years ago.



Note the high volume of trading recently on bad news. To me, this looks a lot like institutional holders bailing out.

Hat tip: Robert McCurtain
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