With The New York Times stock sinking to $7.00 a share,you have to wonder whether they can continue to pay such a nice dividend.At today's price, it would be around a dividend of 12.5% .No responsible CEO would pay out that kind of dividend with the kind of earnings decline the NYT has suffered the last several years.Here's a look at The New York Times versus Gannett,News Corp.,and The Washington Post.The Pinch Sulzberger era at the Times has been one of decline.If the stock falls below $5.00(which we expect in the next 12 months),look for real changes at the Times.Remember,when stock fall below $5.00 the odds of a stock closing above $10.00 is only 10%.
