Stocks: (TRB)The oh so bright folks at AG Edwards downgraded The Tribune Company from “buy” to “hold” today. Their theory is that if the company is not sold, it may be worth only $26 to $29. If it is broken into pieces, it could be worth $40 a share.The problem is that the stock currently trades at below $32. So, if things go poorly, the stock could drop $3 to $4. The stock has not been below $27 in the last 12 months. If things go well, the stock could rise $9. That’s not a buy?Guess not.Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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