Sorry for the disappearing act, and thanks to everyone who kept the conversation going the past couple of weeks. Let's catch up on the latest Lee hijinks, shall we?
At the annual stockholder meeting on March 10, shareholders approved the reverse stock split. The stock price has hovered around 30 cents since (and the weeks before); the 52-week high was $12.50 and the low was 24 cents. Bigger than that, though, CFO Carl Schmidt said the company will reduce costs by more than $100 million. (Via e-mail tip)
The St. Louis Newspaper Guild reports that Lee's operating profit is 20 percent. Remember that when you have to take your unpaid time off. Capital Times Co. also is pretty profitable. (Via e-mail tip)
The New York Times is selling its jet. It's generating a lot more press than Lee's jet did. They're asking $9.5 million for the 1997 Dassault Falcon. Lee had a 13-seat 2006 Cessna 560XL Citation Excel. (The Swiss Air Force has a few of them too.) Lee's plane is now registered to Blackwell Aviation in Davenport. Lee's plane should have been worth more than $6 million.
What else did I miss?