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Sinclair's stock continues to slide.

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The Velveteen Ocelot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-12-04 11:50 AM
Original message
Sinclair's stock continues to slide.
It's down another .06, to $7.32, so far today.
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-12-04 11:55 AM
Response to Original message
1. opps-not a very good business decision
and from the other posts,sinclair corp is in big, big trouble.....
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Kagemusha Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-12-04 12:02 PM
Response to Original message
2. Most of the stock's family-owned right?
Unless they're planning to sell stock they can take the stock going down to pennies and be fine...

IF advertisers keep sending their money to Sinclair.

IF.
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sweetheart Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-12-04 12:20 PM
Response to Reply #2
6. IF this were all that happens
If they run that spot, they'll be bankrupt within a year. THey have
no idea what sort of direct action will be taken against them for
messing with a democratic election, but it will surely make animal
rights activists look tame.

Already, democratic stock analysts have written up a very negative
investment prospectus on sinclair, and it is being privately
circulated to mutual fund managers and large investors.

Letters are pouring in to all their advertizers, their fraudulent
audience counts are soon to be audited, and how they've mislead their
investors using rosy audience figures. ... and that is only the
beginning.

We can only presume sinclair has already committed the crime, so
their entire global network is now fair game.
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Downtown Hound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-12-04 12:06 PM
Response to Original message
3. Ha! Ha!
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RollergirlVT Donating Member (452 posts) Send PM | Profile | Ignore Tue Oct-12-04 12:15 PM
Response to Reply #3
5. maybe
they pulled this stunt knowing it would hurt the stock price and they put shorts on their own stock to make some spare change. I believe many of the higher ups in the Co. have sold off many of their shares.
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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-12-04 12:14 PM
Response to Original message
4. Might be a good time for Soros to have a few "friend" buy some
of the stock. You know, all those "fundie$" who know what their "God" is.

After the Sinclair burnout, then Soros could just take over the stations . . .
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