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| | Scholastic is fund manager's favorite stock - Feb. 19, 2002 |
 | | The publisher of the first four books in the series, Scholastic, is flying high, but there's more to come beyond its possible deal for the fifth book, said Charles Glovsky, manager of the Independence Small Cap fund. |
 | | There is little direct competition in the club and fair businesses. The biggest threat to Scholastic's outlook is failure to execute in terms of continuing to grow revenues from those sources, obtaining attractive new titles, deriving savings from expense containment, and, again, getting the publishing rights to additional Harry Potter novels. |
 | | In the year ended May 31, 2001, Scholastic earned $2.24 per share. In the current and next fiscal years, we expect earnings of $2.50 and $3.00, respectively. With the stock now selling at around $50, we believe we'll see a much higher price over the next 12 to 18 months. |
| money.cnn.com /2002/02/19/investing/favorite_stock (594 words) |
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