Paul Kedrosky submits: Will someone please explain to me why Scripps (NYSE:SSP)
is not a raging short? Much like my earlier call on some of the
overpriced aspirational restaurants, i.e., P.F Chang's (PFCB), The Cheesecake Factory (CAKE), etc., that are
concentrated in subprime-struck regions, Scripps strikes me as another
company over-levered to subprime's toxic byproducts, and yet holding up
past the point where it should be declining.
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