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home / news releases / NEWM - Why I Just Tripled My Equity Ownership Of New Media Investment Group

NEWM - Why I Just Tripled My Equity Ownership Of New Media Investment Group

New Media Investment Group Inc.

Since their third quarter 2018 earnings were released on October 31, 2018, New Media Investment Group's (NEWM) stock price has been decimated. Their stock has dropped approximately 23.4% even though they had what I would consider a stellar quarter.

NEWM data by YCharts

The question must be asked then if they are reported such an amazing quarter, why has the stock price dropped so dramatically? The answer is quite simple: Wall Street views and, therefore, values NEWM as a standard, run of the mill, newspaper company. To be clear, NEWM is a holding

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Stock Information
Company Name: New Media Investment Group Inc.
Stock Symbol: NEWM
Market: NYSE
Website: gannett.com
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