Industry Stocks: January Performances
-- Publishers Weekly, 2/11/2008
| Company | Dec. 29 | Jan.31 | % Change |
| Winners | |||
| Audible | 8.92 | 11.42 | 28.0% |
| Educational Dev. Corp. | 5.47 | 6.28 | 14.8 |
| Borders Group | 10.65 | 11.29 | 6.0 |
| Marvel | 26.71 | 28.15 | 5.4 |
| Losers | |||
| Courier Corp. | 33.01 | 26.50 | -19.7 |
| Amazon | 92.64 | 77.70 | -16.1 |
| Franklin Elec. Pub. | 3.15 | 2.80 | -11.1 |
| Pearson | 14.49 | 12.90 | -11.0 |
| Books-A-Million | 11.92 | 10.67 | -10.5 |
| Reed Elsevier | 53.90 | 48.44 | -10.1 |
| John Wiley & Sons | 42.84 | 39.42 | -8.0 |
| Publishers Weekly | |||
| Stock Index | 491.17 | 455.33 | -7.3 |
| Dow Jones Aver. | 13,264.82 | 12,650.36 | -4.6 |
| January was a bad month for both the Publishers Weekly Stock Index and the Dow Jones Industrial Average, with the PWSI falling 7.3% compared to 4.6% for the Dow. Stock prices rose at only four companies in January, while falling at 13. Courier Corp. had the largest decline, with its price off nearly 20%. The company reported a disappointing first quarter during the month and cut is forecast for the full year. Amazon, despite reporting record sales and profits, had 16.1% decline due in part to analysts' concerns about the e-tailers operating margins. The big winner in January was Audible, whose stock price jumped 28% following news that Amazon had reached an agreement to buy the company for $11.50 per share (see p. 15). Random House was an early investor in Audible and its stake in the company is now worth nearly $16 million. SOURCE: REED BUSINESS INFORMATION | |||
