Investing
Idiot Analyst Call Of The Week: AG Edwards Downgrades Tribune
Published:
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.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
