Sunday, January 4, 2009

What’s next for Lee?

Although its stock has been pummeled to pennies per share and its auditors have stated the company is in danger of defaulting on $1.4 billion in debt, Lee Enterprises still produces a larger operating profit, percentage-wise, than Exxon.So, let’s not forget that there is a reasonably robust business here. The problems are that (a) the business is not as robust as it used to be and (b) the

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