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So, where does Sinclair's stock end the day - Post predictions here

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unfrigginreal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 08:12 AM
Original message
So, where does Sinclair's stock end the day - Post predictions here
I'm going to take $6.02

Enjoy the ride down in the SBGI party thread.

http://messages.yahoo.com/?action=q&board=SBGI
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PDittie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 08:13 AM
Response to Original message
1. Keep clicking that link at the top
Let's don't take our feet off their throat.
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MaryH Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 08:59 AM
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2. How much have they lost so far?
n/t
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wicket Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 09:11 AM
Response to Reply #2
3. Their stock lost $25 million in value last week
And it keeps going down!
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unfrigginreal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 10:30 AM
Response to Original message
4. Hmmm, it looks like I may have been high in my prediction
Check out this piece of good news.

-------

Sinclair Broadcasting Shareholders Demand Officers Return Profits From Insider Trading; Conf. Call Today 1 PM ET

10/19/2004 10:53:00 AM

To: Assignment Desk, Daybook Editor

Contact: Julie Wolk or Alex Howe, 202 822-5200 News Advisory:

Telephone News Conference at 1 p.m. EDT Today

SINCLAIR BROADCASTING SHAREHOLDERS DEMAND OFFICERS RETURN PROFITS FROM INSIDER TRADING

Officers Who Ordered Stations to Show Anti-Kerry Film Also Sold Stocks at High Mark, then Drove Values Down

DETAILS:

Famed shareholder attorney William S. Lerach will hold a news conference at 1 p.m. today to discuss insider self-dealing by officers of Sinclair Broadcasting, the Baltimore-based television chain that is forcing its affiliates to show a propaganda film that attacks presidential candidate John Kerry. He will release a set of demands aimed at making Sinclair executives disgorge millions of dollars in unjustified profits taken out of the firm when stock prices were high during the past 12 months. Yesterday the company's stock fell a further 8 percent after being down more than 50 percent from the year's beginning, as advertisers pulled back to avoid the station's self-generated political controversy. Lerach and Patrick Daniels, San Diego-based partners in Lerach Coughlin Stoia Geller Rudman Robbins, the nation's most successful securities litigation firm, will discuss actions it will take against Sinclair. Lerach Coughlin is a 140-member firm with offices in nine cities that has prosecuted hundreds of shareholder class action and derivative lawsuits, recovering more than $25 billion for clients. (For more on the firm go to: http://www.lerachlaw.com)

http://releases.usnewswire.com/GetRelease.asp?id=38393
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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 10:33 AM
Response to Reply #4
5. I can't say I feel sad for the stockholders
Sinclair has advertised themselves as being right-wing for well over a year now, which has been plenty of time to dump the stock.
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