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« Adding to Takefuji | Main | Icahn-oclastic Shareholder Victory »

August 08, 2006

Adding to Media General

I bought more Media General Class A (MEG/NYSE) stock today at $37.87 per share. The stock ended Tuesday at $37.30.

I first recommended Media General in March at $47.05. The average cost for the position is now $44.76.

As with the addition to Takefuji yesterday, I think I'm averaging down with this pick as opposed to catching a falling knife. But there's no guarantee of that and only time will prove whether I'm correct or not.

August 08, 2006 at 11:46 PM |

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