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This stock is a perfect example of how a stock can be manipulated---
Stock dropped all the way down to .50. Then some bogus fluff PR comes out and "they" run it up 400% to $2.50. Stock drops back down to .74. Then they file BK and are delisted. Stock opens @ .25 and drops to .08!
Nah...Companies and their Tutes don't manipulate the stock or have it all planned out weeks to months ahead of time. They just wake up one day an decide to put out news, and they never talk to their biggest investors about what's coming...hahahahaha!
Play wisely!!
What's really sad to see is the trend of Companies that made fortunes off the backs of the working class for decades be able to include pensions within BK. Disgusting!
$MNI: Chapter 11 !!!!!!!!!!!!!!!!!
Watch it come back down to $0.02 now
Waiting for the OPEN
https://www.mcclatchydc.com/news/nation-world/national/article240139933.html
GO $MNI
This was simply an low OS (7.9M) run all because they extended the negotiations. Gonna be an hard fall. I could see an double on the news, but over 400% gain? We're people really thinking that buying at even $2 was going to produce an substantial and/or sustained ROI? JMO
.70's tomorrow.
* * $MNI Video Chart 01-16-2020 * *
Link to Video - click here to watch the technical chart video
No worries. I know he didn't either. LOL
Where did I say I did? Been watching it to jump in, but patience pays in this game champ.
So this is moving because they are negotiating a passed due bill? glta
Lol you never bought this buddy ;)
Hope nothing shady going on been in ones they halted overnight.
Add the dip folks this going much higher
halted again Jesus
Will sell then flip again soon
Halted 3 times I'd be looking for the exit "IF" it resumes
It can when I’m up 100%
CANT SAY WEEEEEEEE WHEN ITS HALTED...
Make or break here. BK or not, buyout before or after BK if so. Foundation and network in place here is worth millions with all the baggage involved.
A lot of nasty stuff in the quarterly. Buuuttt you have a company pulling in $526 million so far this year in total revenue with a sub $5 million market cap. That's just nutter butters.
SACRAMENTO, Calif., Nov. 13, 2019 /PRNewswire/ -- McClatchy (NYSE American-MNI) today reported a net loss in the third quarter of 2019 of $304.7 million, or $38.43 per share including a non-cash charge of $295.3 million for impairment of goodwill and masthead intangible assets. This compares to net income of $7 million, or $0.90 per share in the third quarter of 2018.
As previously disclosed, the company submitted an application for a waiver of the minimum required contributions to its defined benefit pension plan (the plan) with the Internal Revenue Service (IRS) for plan years 2019, 2020 and 2021. As of March 31, 2019, the latest measurement date of the plan, it held assets of $1.32 billion, of which approximately $580 million came from voluntary contributions made by McClatchy over and above the minimum required contributions. Still the plan was underfunded by approximately $535 million as of March 31, 2019, with approximately $124 million of contributions due over the course of 2020. The amount due greatly exceeds the company's anticipated cash balances and cash flow given the size of its operations relative to the obligations due, and creates a significant liquidity challenge in 2020.
Do you know why this stock is so down, what happened here?
News: $MNI The Fresno Bee Launches an Ambitious Editorial Initiative Focused on Education Issues Critical to the Advancement of the Fresno Community
FRESNO, Calif. , Sept. 18, 2019 /PRNewswire/ -- The Fresno Bee announces the launch of the Education Lab , an ambitious editorial initiative focusing on education issues critical to the advancement of residents in Fresno and the San Joaquin Valley . Four journalists wi...
In case you are interested MNI - The Fresno Bee Launches an Ambitious Editorial Initiative Focused on Education Issues Critical to the Advancement of the Fresno Community
News: $MNI McClatchy to Launch Digital News Outlet to Serve Youngstown, Ohio
SACRAMENTO, Calif. , July 18, 2019 /PRNewswire/ -- McClatchy (NYSE AMERICAN: MNI) announced today the selection of Youngstown, Ohio , as the launch city for The Compass Experiment — an initiative in association with Google to develop essential and sustainable local digital ...
In case you are interested McClatchy to Launch Digital News Outlet to Serve Youngstown, Ohio
News: $MNI Mandy Jenkins Named General Manager of The Compass Experiment
SACRAMENTO, Calif. , June 11, 2019 /PRNewswire/ -- McClatchy (NYSE American: MNI) named Mandy Jenkins as General Manager of The Compass Experiment. Jenkins will lead a three-year effort to explore new sustainable models for local news. She will start in this new role beginni...
In case you are interested https://marketwirenews.com/news-releases/mandy-jenkins-named-general-manager-of-the-compass-experiment-8336292.html
And now we have it 1.50 break, decent volume should see 1.75 easy. IMO
Nice consolidation last few days, looking for 1.50 break. Never anything here on this board but seems to be making a good turnaround situation.
Im liking this breakout, would like to see 1.70s next week, highest levels since May.
MNI should go sub-$1 soon. The core readersip at the various mastheads is in overall decline. Over time that'll translate into smaller revenues. The key is to find large savings now and hope that's sufficient to return MNI to a growth trend.
$MNI recent news/filings
bullish
bottom bounce
## source: finance.yahoo.com
Fri, 12 Jun 2015 20:11:47 GMT ~ MCCLATCHY CO Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
read full: http://biz.yahoo.com/e/150612/mni8-k.html
*********************************************************
Thu, 11 Jun 2015 09:00:00 GMT ~ New CareerBuilder Survey Reveals the Most Common and Strangest Productivity Killers at Work
[PR Newswire] - CHICAGO, June 11, 2015 /PRNewswire/ -- From hiding in the bathroom to testing the powers of hypnosis, some workers will do just about anything to avoid doing actual work while on the clock. In a new survey from CareerBuilder, employers discuss the most common productivity killers in the workplace, as well as the most bizarre things they caught employees doing while on the clock. The national survey was conducted online by Harris Poll on behalf of CareerBuilder from February 11 to March 6, 2015, and included a representative sample of 2,175 hiring and human resource managers across industries and company sizes.
read full: http://finance.yahoo.com/news/careerbuilder-survey-reveals-most-common-090000683.html
*********************************************************
Mon, 08 Jun 2015 20:28:00 GMT ~ McClatchy Reduces Debt by $41M
read full: http://blogs.barrons.com/incomeinvesting/2015/06/08/mcclatchy-reduces-debt-by-41m/?mod=yahoobarrons&ru=yahoo
*********************************************************
Mon, 08 Jun 2015 14:17:03 GMT ~ McClatchy Reduces Debt $41.3 Million
[at noodls] - /PRNewswire/ -- The McClatchyCompany (NYSE-MNI) today announced that it had repurchased $41.336 million in aggregate principal amount of its 5.75% Notes due 2017 at par plus accrued and unpaid interest ...
read full: http://www.noodls.com/view/9C17A5FA68E0A0B199DF249276471D913FE19792
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Mon, 08 Jun 2015 14:17:03 GMT ~ McClatchy Discusses Strategies and 2015 Outlook Today at East Coast IDEAS Investor Conference
[at noodls] - Released 06/03/2015 SACRAMENTO, Calif. -- The McClatchy Company (NYSE: MNI) said that it will provide an update on the company's strategies and outlook for 2015 in a presentation today at the 2015 East ...
read full: http://www.noodls.com/view/B1A0A0FCD90714D3FE3A0314C8E0658E4F2C2F01
*********************************************************
$MNI charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$MNI company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/MNI/company-info
Ticker: $MNI
OTC Market Place: Not Available
CIK code: 0001056087
Company name: McClatchy Co. (THE)
Company website: http://www.mcclatchy.com
Incorporated In: DE, USA
Business Description: OTC Markets | Official site of the OTCQX, OTCQB and OTC Pink Marketplaces featuring Free Stock & Bond Quotes, Trade Prices, Chart, Financials and Company News & Information for Investors, Companies and Traders - OTCMarkets.com (window.NREUM||(NREUM={})).loader_config={xpid:"UwMGWVdSGwQIU1RQAgQ="};window.NREUM||(NREUM={}),__nr_require=function(t,e,n){function r(n){if(!e[n]){var o=e[n]={exports:{}};t[n][0].call(o.exports,function(e){var o=t[n][1][e];return r(o?o:e)},o,o.exports)}return e[n].exports}if("function"==typeof __nr_require)return __nr_require;for(var o=0;od;d++)c[d].apply(u,n);return u}function a(t,e){f[t]=s(t).concat(e)}function s(t){return f[t]||[]}function c(){return n(e)}var f={};return{on:a,emit:e,create:c,listeners:s,_events:f}}function r(){return{}}var o="nr@context",i=t("gos");e.exports=n()},{gos:"7eSDFh"}],ee:[function(t,e){e.exports=t("QJf3ax")},{}],3:[function(t){function e(t){try{i.console&&console.log(t)}catch(e){}}var 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$MNI share structure
## source: otcmarkets.com
Market Value: $79,718,915 a/o Jun 12, 2015
Shares Outstanding: 62,770,799 a/o Apr 27, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$MNI extra dd links
Company name: McClatchy Co. (THE)
Company website: http://www.mcclatchy.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/MNI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/MNI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=MNI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=MNI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=MNI+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/MNI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/MNI/news - http://finance.yahoo.com/q/h?s=MNI+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/MNI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/MNI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/MNI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/MNI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/MNI/stock-consultant
Stock Comparison (nasdaq.com):