Industry Stocks: August Performances
by Staff -- Publishers Weekly, 9/9/2002
| Company | July 31 | August 30 | % Change |
| Winners | |||
| Banta Corp. | 32.92 | 37.54 | 14.0% |
| Scholastic | 38.99 | 42.18 | 8.2 |
| Borders Group | 17.70 | 18.86 | 6.5 |
| Barnes & Noble | 21.54 | 22.89 | 6.3 |
| Reed International | 34.51 | 36.45 | 5.6 |
| Losers | |||
| Thomas Nelson | 12.55 | 10.60 | -15.5% |
| Advanced Marketing | 14.75 | 13.55 | -8.1 |
| R.R. Donnelley | 27.79 | 26.38 | -5.1 |
| Hastings | 5.71 | 5.47 | -4.2 |
| Educational Dev. Corp. | 6.90 | 6.78 | -1.7 |
| Publishers Weekly | |||
| Stock Index | 386.38 | 398.39 | 3.1% |
| Dow Jones Average | 8,736.59 | 8,663.50 | -0.8% |
| The Publishers Weekly Stock Index stopped a four-month losing streak in August, posting a 3.1% increase over July. The PWSI outperformed the Dow Jones Industrial Average, which dropped 0.8% in the month. During August, the stock prices of 13 companies rose, while prices fell at eight. At 14%, Banta Corp. had the largest increase in the month as the printer reported solid second-quarter results late in July and announced the appointment of a new CEO in late August. Borders Group and Barnes & Noble were able to shrug off a negative report by Merrill Lynch to post gains of 6.5% and 6.3%, respectively. A weak second quarter contributed to a 15.5% decline at Thomas Nelson, and Advanced Marketing Services' stock had a significant drop for the second consecutive month following a weaker than expected second-quarter report released in July. At companies whose stock is trading below the PWSI minimum $4 per share level, Barnesandnoble.com's stock price fell to 74 cents from 86 cents and the e-tailer faces possible delisting from NASDAQ unless it can raise its share price above $1 per share. An encouraging quarterly report pushed Franklin Electronic Publishers' stock price to $1.52 from 96 cents. Source: Reed Business Information | |||
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