Sharp Trader

Sharp Trader is a Blog dedicated to identifing and capitalizing on inefficiencies in the financial markets. Important Note About This Blog This report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ materially from the projections described in the forward-looking statements.

Tuesday, July 01, 2008

New Legislation in Florida Could Hurt Serveral Media Companies

_There is upcoming legislation in Florida that would remove sales tax exemptions on advertising and media services in Florida.


Companies that could be directly effected by this legislation are:

Media General (NYSE: MEG)
Journal Communications (NYSE:JRN)
McClatchy (NYSE:MNI)
MDCA Partners (NASDAQ:MDCA)
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About Me

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Richard Tullo is a securities analyst and trader with more than 20 years of experience. During the late 1990s he brought more than 40 technology companies public as a NASDAQ market maker for Hambrecht & Quist and Cowen and Co. From 2001-2004, Rich Tullo was an investment analyst for Providence Capital an activist hedge fund in New York. More recently, Rich was an analyst with Sidoti and Company a noted independent research firm and published investment reports on the Media and Telecom industry. Rich Tullo has also published numerous editorials, reports and industry white papers on infrastructure investing and exotic investment instruments