TMCnet News
Media General has the Highest Beta in the Publishing Industry (MEG, JRN, NYT, SSP, GCI)Nov 28, 2012 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Publishing industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Media General ranks highest with a a beta of 1.5. Journal Communications is next with a a beta of 1.4. The New York Times ranks third highest with a a beta of 1.4. EW Scripps follows with a a beta of 1.3, and Gannett rounds out the top five with a a beta of 1.3. SmarTrend recommended that its subscribers protect gains by selling shares of The New York Times on October 25th, 2012 by issuing a Downtrend alert when the shares were trading at $9.10. Since that call, shares of The New York Times have fallen 11.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |