Tuesday, December 28, 2010 11:03:51 AM
As I have said before, McGraw-Hill will survive but only after all the corruption and arrogance and greed is washed out of the company along with the authors that promote such a life style. The party is over now and all involved must face the hang over. There are many big companies like Mcgraw-Hill and only after they have it bottom and bounced along this bottom for years in the coming Greatest Depression will they begin their recovery. Watch their stock plunge again beginning in the Spring of 2011 and through the Summer. The final step off the edge of the great plunge will happen when hyper-inflation is in full force and the Dollar is dumped by governments around the world. Students will no longer need textbooks, only Tin Cups to eat at the soup kitchen and to use for begging for chance on the street.
McGraw-Hill will become a true penny stock again and you will be able to buy it at some where below $1.00 a share, 3-5 years from now. If you have doubts about this, just look at their 5 year chart and see how fast their stock plunge was from $72 per share. The only thing that halted it was the trillions of dollars dumped into the markets by they Federal Reserve in the QE 1 mass printing. Those days are quickly ending and so is McGraw-Hill's. If you own the stock now I would rush to sell it and buy it back when I do some where south of $1.00. Remember it took 25 years for the Dow stock average to recover to the same level it was just before the crash of 1929, will you live that long? You have been warned.
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