Industry Stocks: August Performances
by Staff -- Publishers Weekly, 9/11/2006
Company
July 31
August 31
% CHANGE
Winners
Banta Corp.
35.33
47.05
33.2%
Marvel
17.68
21.44
21.3
Amazon
26.89
30.83
14.6
R.R. Donnelley
29.19
32.42
11.1
Barnes & Noble
33.52
36.51
8.9
Losers
MediaBay
.35
.27
-22.8
Advanced Marketing Svcs.
3.90
3.20
-17.9
Hastings Entertainment
7.59
6.26
-17.5
Reader's Digest
13.66
12.81
-6.2
Educational Dev. Corp.
6.95
6.60
-5.1
Publishers Weekly
Stock Index
453.96
485.57
7.0%
Dow Jones Ave.
11,185.00
11,381.15
1.7
Following a down July, the Publishers Weekly Stock Index bounced back in August, rising 7.0% in the month. Winners outpaced losers by a 14 to seven margin. The biggest winner in the month was Banta, whose stock priced soared 33.2% after the company received an unsolicited acquisition offer. Although Banta rejected the overture, the stock has remained high and the would-be buyer, Cenveo, upped its bid last week. An improved forecast helped to boost the stock price of Marvel in August, while the announcement of a stock repurchase program contributed to the increase in Amazon's stock price. MediaBay's myriad problems dropped its stock price to 27 cents at the end of the month. AMS's stock price has also seen steady declines recently.
Source: Reed Business Information
