Taking Stock: Belo Hits All-Time Low. I Think.
Not gloating. We’re all just holding the blank onto our hats here. Just pointing out that a skittish stock-holding FBvian noted that today’s low for A.H. Belo Corp. (the newspaper division) at $7.44 is at least a 52-week low. Best as I can tell from listening to the Internet talk to me, it’s also an all-time stock-price low. How about BLC, aka Belo Corp, aka the TV guys? It’s trading at just under 10 bucks, less than half its 52-week high. Not that there’s anything wrong with that.
2 Comments to “Taking Stock: Belo Hits All-Time Low. I Think.”
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To go back further in to pre-split days, you can multiply AHC’s price by 0.2 and add to BLC’s current price…
That makes the combined value of the stock (if it were still combined) to be around 11.52. That same internet tells me the company hasn’t seen that value since around 1994. Maybe not all time, but still pretty long. It does ignore the cash dividends one would have recieved along the way, but a long term holder of BLC wouldn’t be very happy right now.
The low stock price didn’t stop Bob Decherd from paying himself around $10 million or Moroney from taking more than $8 million. The newspaper stock lost about $10 million so I think I know where it went. These guys raised the price of a newspaper and they think this will help? It would help if they publishhed a “real” newspaper rather than managing the news. Raising the price of a coupon rag will not enhance its value.