New York Times stock now cheaper than the Sunday paper

by ChrisiMarr | February 25, 2009 at 12:22 am
89 views | 14 Recommendations | 1 comment

The Sunday Edition of the New York Times is $5.00. A share of the New York Times is $3.57

What costs more — a spark plug or a share of General Motors? A Sunday New York Times or a share of the newspaper company? A General Electric toaster or a share of GE?


In the surest sign of the depth of the recession, the products associated with these high-profile companies now cost more than buying a piece of the business.

Shares of some of the most renowned companies have come under assault as the worst recession in decades saps investor confidence and drags major stock indexes to their lowest levels since 1997. Despite Tuesday's 3 percent gain, the Dow Jones industrial average is still off almost 50 percent from its 2007 high — and there's little evidence it's hit bottom.

"This is a time for the history books," said Jim Coons of Coons Advisors, a financial consultant.

recommend This comment thread is now closed
0
Sanjay Jha

Very interesting observation. Good Post.

This story was created over 3 months ago, the comment thread is now closed.

What is NowPublic?

NowPublic lets people work together to cover news events around the world.

Find out more

Crowd Power

Sanjay Jha
First Flagged at 12:28 AM, Feb 25, 2009 by Sanjay Jha

Related Stories

Recommendations (14)

Most recently recommended by:
 

closeSign in to NowPublic

is reporting from