Guess what the top-performing industry group was in the 3rd quarter?
What if I told you it was the left-for-dead Newspaper Publishers? No, seriously, it was.
According to data from Morningstar, the newspaper industry stocks posted a gain of 89.14% over the last 3 months and were the top performing group by a long shot (Printed Circuit Boards were 2nd with a gain of 57%)
Here’s what some of the larger companies did last quarter (the righthand column shows the percentage returns):
I suppose the Death of the Newspaper Industry had been greatly exaggerated, at least for now.
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