Invest In The New York Times?
Tuesday, February 10, 2009 : PermalinkForbes – 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.
Tags: carlos slim helu, eastman kodak, forbes billionaire, general-motors, george putnam, giants, investor, new york times, new-york-times-co, newsletter editor, stake, stock, turnaround
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