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

  • N2Doc (4723 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 (10167 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 "When plunder becomes a way of life for a group of men in society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." - Frederic Bastiat, 1848
  • MistaP (6444 posts)
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    2. is Cramer the Eichenwald of financial analysts, or Eichenwald the Cramer

    of Beltway journalists?

    things to think about

    http://www.salon.com/2016/11/09/the-hillary-clinton-campaign-intentionally-created-donald-trump-with-its-pied-piper-strategy/ (Third Way = Bell Curve)
  • Populist Prole (742 posts)
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    3. Good

    Ferociously anti-labor douchebag. Good riddance.