The Publishers Weekly Stock Index couldn't escape the problems in the broader market in November, with the PWSI falling 4.3% in the month compared to a 4.0% decline for the Dow Jones Industrial Average. Only four companies, led by Marvel Entertainment, had an increase in their stock price in November, while prices fell at 13. The biggest drop came at Borders, despite news late in the month that the retailer's largest outside shareholder, Pershing Square Capital, had upped its stake in Borders to 17.1%. In the past, such an investment has usually lifted the stock price on takeover speculation, but in a filing Pershing head William Ackman said that despite talks with the Borders board, those discussions did not represent an attempt to change control of the company.
Source: Reed Business Information
Marvel Entertainment 24.74 27.70 12.0%
Franklin Elec. Pub. 3.21 3.31 3.1
Amazon 89.15 90.56 1.6
Hastings Entertainment 35.26 38.64 1.2
Borders Group 15.42 12.51 -18.9%
Courier Corp. 37.79 32.87 -13.0
Scholastic 39.58 35.24 -11.0
Educational Dev. Corp. 6.10 5.50 -9.8
Books-A-Million 13.39 12.09 -9.7
Publishers Weekly
Stock Index 522.52 499.75 -4.3%
Dow Jones Aver. 13,930.01 13,371.72 -4.0%