Home Topics in Depth Economics After a long slide, Jim Cramer's TheStreet could be delisted

  • N2Doc (1973 posts)
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    After a long slide, Jim Cramer's TheStreet could be delisted

    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

    bbgrunt, djean111, Enthusiast like this
    "But nothing ever changes unless there's some pain" - Tears For Fears "Goodnight Song"

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  • Enthusiast (4759 posts)
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    1. I'm glad to hear this.

    "The NSA’s capability at any time could be turned around on the American people, and no American would have any privacy left, such is the capability to monitor everything. There would be no place to hide."  Frank Church
  • MistaP (3427 posts)
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    2. is Cramer the Eichenwald of financial analysts, or Eichenwald the Cramer

    of Beltway journalists?

    things to think about

    https://wikileaks.org/plusd/cables/09TEGUCIGALPA645_a.html (Third Way = Bell Curve)
  • Populist Prole (314 posts)
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    3. Good

    Ferociously anti-labor douchebag. Good riddance.