Shares of the Journal Register Co., owner of The Bristol Press, took another tumble today. They're now worth one-fifth of a penny per share. Or, put another way, you could own 500 shares for $1.
The total value of the entire company? Less than $79,000.
I keep thinking it can't get any lower, but then the value sinks yet again. Pretty soon, I'll be able to buy the whole contraption with the pennies in my old Mason jar.
And I can't help wondering: what's to stop someone from snapping up the entire JRC for the price of a Big Mac Extra Value Meal? Couldn't somebody do that and then say, "No, we ain't gonna close The Bristol Press. No how, no way."
Of course, the trouble with buying the JRC is that you would then own it. But still....*******
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