Most street press publications are printed on low-quality newspaper stock in order to reduce costs.
Since April 1, newspaper stocks have surged 22 percent while the broader market has been bouncing up and down.
The second market is the one for newspaper stocks.
Big gains were also seen in two newspaper stocks.
"And the market is panicked about newspaper stock in an unreasonable way."
An index of newspaper stocks is down 22 percent in 2005.
He is not just bucking conventional wisdom on newspaper stocks.
The institute gets most of its income from dividends paid on its newspaper stock.
Helped by the companies' strong financial performance, many newspaper stocks performed well last year.
Jest is printed on newspaper stock and had an initial press run of 40,000.