Hasn’t been his favourite company. Has been cheap, but in terms of the earnings profile, it hasn’t been that strong. Advertising world is still under pressure.
Had a big breakdown in August followed by another big breakdown in November. At this point, if you are brave you could look for a recovery rally but, remember the saying “don't catch a falling knife”.
This is on his Stock Watch list. As a contrarian, he likes to avoid a falling knife and this one is still falling precipitously. Could possibly go into receivership.
Under bankruptcy protection but keeps signing contracts. Think of this as a lottery ticket. A good example of a company that got too greedy. They could have sold a lot of assets much, much higher before going into bankruptcy.
Still in reorganization. Usually in these cases, common shareholders get diluted down to about zero. Paper business is seen as a 19th century business, not a 21st.
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