Lee Enterprises is a provider of local news and information, and a platform for advertising in the markets it serves. Co.'s products provide print and digital editions, and its content and advertising are available through its websites and mobile apps. Co. provides advertising and marketing services, subscription on its digital and print products, and digital services, primarily through its subsidiary, TownNews. Co.'s operations also provide printing and distribution of third party publications. Co.'s advertising and marketing services include local advertising national advertising. Co.'s subscription services include subscription model and subscriptions to its digital-only products. We show 58 historical shares outstanding datapoints in our LEE shares outstanding history coverage, used to compute LEE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LEE market cap history over the course of time is important for investors
interested in comparing LEE's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of LEE versus a peer is one thing; comparing
LEE market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like LEE can fluctuate over the course of history.
With this page we aim to empower investors researching LEE by allowing them to research the LEE market cap history. |
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Video: The Importance of Market Cap
