Washington Post Stock Spikes After Barron's Says It Could Go to $900
Crikey! Shares of The Washington Post Co. are on a regular tear right now, up 9% at $484.65, thanks in part to a Barron’s story that said the stock could nearly double.
Says Barron’s:
The Post has a market value of $4.2 billion, but a sum-of-the-parts analysis suggests it is worth $8.5 billion. This analysis is based on the valuations of comparable public companies, not lofty and sometimes unrealistic “private market” estimates often favored by media-stock boosters.
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