Article

2007-10-17 Fifth Column

More Schadenfreude: Morgan Stanley Sells Entire NYT Stake

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Posted by trailing wife 2007-10-17 14:17|| || Front Page|| [11130 views ] Top

#1 New York Times shares slid 54 cents, or 2.9 percent, to $18.37 at 2:51 p.m. in New York Stock Exchange composite trading and fell as low as $18.24, a level not seen since January 1997.

heh

Posted by Frank G">Frank G 2007-10-17 15:09|| 2007-10-17 15:09|| Front Page Top

#2 Got to find the fool*, there's a lot of subprime loan corporate fronts that need a buyer too.

*A fool and his money are soon parted.

Posted by Procopius2k 2007-10-17 16:12|| 2007-10-17 16:12|| Front Page Top

Posted by DMFD 2007-10-17 19:05|| 2007-10-17 19:05|| Front Page Top

#4
The Dowd Curve

Posted by macofromoc 2007-10-17 20:26|| 2007-10-17 20:26|| Front Page Top

#5 You should really enjoy tomorrow. NYT going private in 5...4...3...

Posted by Nimble Spemble 2007-10-17 20:32|| 2007-10-17 20:32|| Front Page Top

#6 Block trade, huh. Family sponging up the stock?

Posted by lotp 2007-10-17 20:43|| 2007-10-17 20:43|| Front Page Top

#7 Apparently they sold to Merrill Lynch who will remarket. Could be at a substantial discount to market and may be held to speculate on going private or to sell to NYT direct if not to public in smaller lots (though this is hard to imagine). The test will be tomorrow when other institutional holders start to unwind their positions.

Posted by Nimble Spemble 2007-10-17 20:48|| 2007-10-17 20:48|| Front Page Top

#8 CHIN MIL FORUM > UNCONFIRMED > Poster claims to had heard news BOMBAY [India] STOCK MARKET HAD JUST CRASHED TODAY. Initially lost over 50 % of value but may have begun a recovery of yet undetermined scale. See also TOPIX > THE BATTLE OVER CURRENCIES.

Posted by JosephMendiola 2007-10-17 22:46|| 2007-10-17 22:46|| Front Page Top

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