
Formerly Hollinger International, the company saw its coffers emptied by erstwhile crook/CEO Conrad Black, and was left with a portfolio of cash-burning newspapers and a mountain of payables. Now, as the company drifts towards the Sea of Imminent Doom, you can do some looting of your own--from the pockets of the suckers who still see hope.
Most recently, the stock was run up on rumors of a sale. At a much-anticipated presentation by management last week, the fantastic news was this: "We're not selling, our business sucks, and our plan is to start going out of business."
Short it.
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