NYTimes Stock at 10-Year Low

According to Lehman Brothers analyst Craig Huber,

"We think the shares have significant further downside risk over the next year as the stock is the most expensive in the [newspaper] group, plus Street estimates remain way too high in our opinion."

He urges the company, which is run by CEO Arthur "Pinch" Sulzberger Jr., to cut its dividend, claiming it should utilize the money to pare down the company's $1.05 billion debt.

"The prudent thing to do would be to pay down debt and continue to evaluate the landscape for Internet acquisitions," said Huber in a memo to customers.

It looks like the Times has to start doing things dramatically different.