Industry Stocks: January Performances
by Staff -- Publishers Weekly, 2/5/2007
Company
Dec. 29
Jan. 31
% Change
Winners
Educational Dev. Corp.
7.25
7.74
6.8%
R.R. Donnelley
35.54
37.10
4.4
Pearson
15.10
15.77
4.4
Reed Elsevier
44.04
45.84
4.1
Losers
Hastings Entertainment
7.08
5.90
-16.7
Books-A-Million
22.68
19.10
-15.8
Audible
7.93
7.15
-10.0
Borders Group
22.35
20.98
-6.1
Amazon.com
39.46
37.67
-4.5
Publishers Weekly
Stock Index
482.67
476.68
-1.2
Dow Jones Average
12,463.15
12,621.69
1.3
The 2007 edition of the PWSI is considerably smaller than last year. Three companies—Thomas Nelson, Banta Corp. and Reader's Digest—have been or about to be acquired, and two companies, MediaBay and AMS, have been delisted. For the remaining PWSI members, January was a tough month with stock prices off at 11 companies and up at 6. Retailers took the biggest hit in January as disappointing holiday sales knocked back the stock price on all the chains included on the Index, with prices at Hastings and Books-A-Million declining the most. Educational Development Corp., which reported an improved fiscal third quarter, topped the winners last month.
Source: Reed Business Information
