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 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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