Robert Decherd, #50 on the Dubious 500 Most Powerful list, displayed a little muscle on Thursday, buying 234,249 shares of his company’s stock at an average price of $6.75.
He’s not the only one showing confidence in the newspaper company. Wells Fargo announced on Friday that it owns 2.26 million shares, which gives it a huge 12.36% stake.
So I have to ask: Is someone about to make a takeover bid? Or are ad sales heating up again? Stay tuned.
1 comment
The company real estate is becoming more valuable.