Forbes – Billionaire Carlos Slim Helu believes enough in The New York Times that he loaned it $250 million for an eventual 17% stake. The Forbes.com Investor Team says don’t copy him.
Last summer in the Turnaround Newsletter, George Putnam III called out the New York Times Co. as a big name that had been beaten down to the buying level. Along with such fallen giants as General Motors and Eastman Kodak, the newsletter editor recommended the media company at $12 a share. The stock has tanked since, down to just over $5.