After a long slide, Jim Cramer's TheStreet could be delisted for its low stock price

[n2doc]

In 2007, investor news site TheStreet Inc. was riding high as many sought information about the looming financial crisis.

But since then, the New York publication’s fortunes have steadily declined, pushed down by falling ad revenue and an increasingly competitive financial news landscape.

The company’s shares, which traded as high as $36 in 1999, closed Wednesday at 84 cents.

The downturn culminated earlier this month in a warning that the company could be delisted from the Nasdaq Global Market after its stock closed below $1 a share for 30 consecutive business days.

more
http://www.latimes.com/business/la-fi-thestreet-delisting-20161228-story.html

[Kolesar]

1. Cue: "Isn't it ironic" ... eom