Thursday, October 1, 2009

FY10 off to rough start

The new fiscal year just started, and is already off to a rocky start.

Stock raters at thestreet.com picked their three best and worst newspaper stocks. At the top of the "worst" list? Lee.
With an amazingly bad ROE (rate on equity) of -- 142.67% and mountains of debt, Lee is slowly drowning. It has a debt to equity ratio of 20.34. Yikes.

Lee stock closed at $2.39 -- down 13 percent from the previous day.

How do you think the new year will compare to the previous one? A new poll is open in the sidebar -- it will remain open for a month.

(Via e-mail)

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