Mike Hudack is a tumblelog.

I went long on NYT this morning

The rationale: the New York Times is best positioned to build a solid, enduring and profitable brand on the Internet.  It helps that they’re laying people off and cutting payroll.

I bought NYT at market open this morning and it’s already up 5% intraday.

NYT joins MSFT and JBLU in my portfolio.  My MSFT is up 10.91% since I picked it up, and my JBLU is up a pathetic 0.23% (although, in fairness, it was down 10.51% just a couple days ago).