Just Sold Tribune

December 20, 2007 by Joe Ponzio

At $33.67, there is almost no upside and big potential downside if the deal falls apart last second. Just wanted to let you know that I sold TRB. Remember Buffett’s rule: Don’t lose money. There is very little risk left, but the few pennies on the upside do not justify the many dollars on the downside.

Just thought you’d like to know my thoughts.

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