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“Shares of magazine and newspaper publisher Washington Post Co. jumped Monday after an article in Barron’s dubbed it ‘America’s most undervalued media company.’ Investors responded by sending Washington Post’s shares up $38.64, or 8.7 percent, to $483.38 in afternoon trading. The stock has ranged from $325.17 to $495.60 over the past year.” This afternoon, the giddy Post Co. took advantage of this new spotlight to impress Wall Street even further, by displaying its December 31, 2009 home page on WashingtonPost.com for a while. [AP, screen shot from corporate operative “Jacob C.”]

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27 COMMENTS

  1. What a fabulous layout. A “Holiday Guide” with the Twin Towers in flames. Are they blaming Harry Potter?

    I smell Pulitzer.

  2. [re=548971]Maus[/re]: And yet, one share of stock is worth more than a share of Apple and a share of Microsoft combined!

    What universe are we living in, anyway?

  3. Of course, what the Wall Streeters are interested in is the only part of WashPo making money – the test prep business that caters to insecure parents and kids about college and grad school entrance exams.

    If one wants to call that a “media company”, well…

  4. [re=548980]Aurelio[/re]: In addition to selling short, they’ve been short sheeting the paper ed for some time. Soon you’ll have to order a double home delivery to carpet the parakeet cage.

  5. If the Washington Post was a reputable paper, they would have an in-depth report tomorrow on the shenanigans currently inflating the price of the Washington Post’s stock. $483 per share? The entire value of the Washington Post isn’t even $483!

  6. Hey, thanks for the tip Jim…. what is it?, Cramer. UhhRuuuGaa! Honk, Honk, Honk. This is gonna make up for that Enron stock I piled up on in 2001.
    See, all you libtards who made fun of Howie Kurtz and Richard Cohen and Palin op-eds are gonna miss the boat. I just called my broker and put my whole 401K in WaPo stock..I’m gonna be rich, retire early, take exotic vacations, Wahoo WaPoo!!!! What could go wrong? BUY, BUY, BUY.

  7. [re=548991]Jim89048[/re]: Good news.
    It shows that the market grasps the hidden value to be unlocked in the Washington Post Co. by spinning off Sally Quinn to a potential buyer like the SciFi Channel or Al Jezeerah. Carl Icahn is wetting his lace panties right as we speak.

  8. [re=549004]S.Luggo[/re]: This must be why my portfolio tanked 4 or 5 years ago, leaving me a virtual hobo. Because I have the dumb about stock trends.

  9. Whoever said “cost and worth are two very different things” must have just read that Barron’s article…or tried to read WaPo recently.

  10. I had a really dumb idea a couple years ago to buy some WaPo shares at around $780. Fortunately, fate intervened and prevented me from making the purchase. I don’t remember exactly what it was fate did, but it was definitely a solid. Thanks, fate!

  11. $483/share means they ain’t quite as many shares out there as other companies. Sally Quinn’s got one. Ben Bradley got three. Each of the grandchildren of Katie Graham got two each in their will.

    Fidelity Vanguard Fund is the biggest stockholder with 14. Look for them to thin that out tomorrow with today’s bump -> profit taking.

  12. [re=549020]Jim89048[/re]: The new, investment-worthy, “gold“: Tea Party placards without misspellings of quaint, monosyllabic, Anglo-Saxon terms; militia arrest warrants unissued by the FBI; audio of Beck, mid-sentence, not thumbing through a 6th grade picture dictionary; etc.

    From the purr of a Hover-round to God’s ear, but without any Marxist MediCare assistance. As if.

  13. Spring, when a young man’s thoughts turn to giant billowing superheated balls of burning jet fuel, instantaneously destroying everything. “Never forget” apparently now means accepting 9/11 Porn as it’s shoved down your throat.

  14. [re=548971]Maus[/re]: And how. I’d much rather play Cro-Mag Fucking Rally on the thing, or take it into the Macy’s bathroom and furtively masturbate to porn.

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