The reason to sell your stock in the LA Times is because it is a failing business model. However, if you want to sell because it is the PC things to do, well I guess that is okay as well.
But if you think your selling will have any effect one way or the other you don’t understand the way stocks work.
In order to sell, someone else has to buy. The more people wanting to buy then sell, the price of the stock goes up. If more people want to sell then want to buy, the stock goes down.
Outside of the stockholders none of that has any effect on the business itself (unless they own a lot of their own stock).
This all reminds me of how Rush will pick who will win a football game depending on which teams name is more PC. It the City of Los Angeles wants to pick stock based on how PC they are then go for it. The sooner they go bankrupt the better.
I hope they invest a lot in Green Energy and Battery Cars and wind mills. We know how these PC industries are doing.
These economics-challenged morons are running DOWN the price for the LA Times by this kind of talk -— for the benefit of Koch and against the benefit of the unon pension funds.
AWESOME!