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KhanPhelan

Khan's Watchlist - KW 01/02 - $NYT

New York Times Company (The) (NYSE:NYT)  
KhanPhelan  
NYSE:NYT   New York Times Company (The)
Fundamental Analysis Fibonacci Trend Lines
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0
fundamental fibonacci trendline
Dropped hard after announcing to buy “The Athletic” for 550M. Will pressure the Earnings/Profit for the next 3 years but deliver a strong subscriber-base and well-established sports-journalists that moved from newspapers to the website in the past. In addition, it is a cash-only deal so no share-dilution.
I expect it to drop a bit more – 0.5Fib-Level/Bottom Yearly Trend-Channel looking good for a possible reversal.
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