Morgan Stanley to NYT: Drop Dead!
Where is the hysterical knashing of teeth for the poor shareholders?
Shareholders? Don’t you mean capitalists? We’ll put them up against the wall, once we have Randi back to lead the revolution!
10.5MM * $18.48 / 7.3% = $2.66 billion total value for the common stock alone. So the meme that we saw about a month ago — that the value of the NYT was basically equal to the value of its headquarters building — does not hold up.
No worries, sammler, we’re just a little early; give it about 18 months or so…
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