Sentiment on Knight Ridder (KRI) Too Bearish?

Knight Ridder (NYSE: KRI) is not for the faint of heart, writes The Stalwart. It's down over 4% today on news that Q3 earnings will be way off.

But the internals don't look too bad, with advertising revenue lurching forward. It's some one-timey looking costs that appear to be doing them in. Furthermore, if the Internet were killing their business, why would advertising revenue be growing at all? In fact, in Q4 they expect to be up.

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