Newspaper Stocks Ruled the 3rd Quarter

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):

data from Morningstar

I suppose the Death of the Newspaper Industry had been greatly exaggerated, at least for now.

Full Disclosure:  Nothing on this site should ever be construed as research, advice or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.