How’s the Citadel wager?Don @ IdahoRadioNews | June 23, 2009
In March, we noted that Citadel Broadcasting’s stock scraped the bottom of the barrel — costing just $0.02. It popped up to about 4 cents a share later that week — which led me to ask if you’d take the bet and put $1,000 into the stock – taking home about 20,000 shares.
If you’d made that bet – you’d be… in the exact same position. The stock ended the day at $0.043 — just more than four cents per share. The stock has not traded higher than 13 cents.
Related: Journal Communications is currently trading at $1.10 – up quite a bit from the March low of $0.39.