As of : FY 2019
Shares Outstanding: 7.9m
Cash: 11.4m
Current liabilities: 261m
Current ratio: 0.4
NWC (total current assets - total current liabilities): -152.7m
Monthly Burn rate (net loss / months): 2.84m
Estimated current cash: 1.48m
-Jan 15 AH: McClatchy Enters into Standstill Agreement with the PBGC
-Newspaper business
-Almost out of cash (1/2 month to go)
-Levels: 1.40, 1.70, 2, 2.50
-Strong open with no major pullbacks
-Halted at 2.01, resumed above making $2 a nice level to long from (all shorts trapped)
-Still closed green (+1$ / 240%) from yesterdays close
First Test Long of $2
All lots got filled, took 3 lots of profit taking at my targets, held last lot for a bigger move, bigger move wasn't happening and selling was hard near 2.15 so I sold a portion of my last lot at 2.14 then the rest at 2.07, made right call, stock trending down after that.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-16 10:26:40 | MNI | buy | $2.030 | long |
2020-01-16 10:26:57 | MNI | buy | $2.010 | long |
2020-01-16 10:26:59 | MNI | buy | $1.990 | long |
2020-01-16 10:26:59 | MNI | buy | $1.970 | long |
2020-01-16 10:27:37 | MNI | sell | $2.070 | long |
2020-01-16 10:27:41 | MNI | sell | $2.090 | long |
2020-01-16 10:27:41 | MNI | sell | $2.110 | long |
2020-01-16 10:32:29 | MNI | sell | $2.140 | long |
2020-01-16 10:32:45 | MNI | sell | $2.070 | 0 |
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