Categories: OLD Media Moves

Covering the penny stock beat

Brendan M. Case and Michael Grabell of the Dallas Morning News take a look Tuesday at Dallas-based Market News First, whichÂ provides broadcast coverage to the bizarre and often volatile penny stock world.

Case and Grabell wrote, “MN1’s 33-year-old founder and top executive, self-made millionaire Joshua Lankford, was recently barred from the securities industry. His companies have also been major shareholders in several of the stocks the site has spotlighted over the years. Some featured stocks have been tied to his friends and business partners.

“In one instance, a stock rated a ‘strong buy’ on MN1 was the focus of a lawsuit in which investors accused Mr. Lankford of manipulating the share price.

“Mr. Lankford’s attorney, Spencer Barasch, said MN1 strives to be as transparent as possible.

“‘MN1 goes to every effort to disclose any potential conflict of interest or any interest that any employee in MN1 might have in any company that’s featured on MN1,’ he said.”

Read more here. It’s a strong story.Â

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.