SCHL
Scholastic Corp
TMT
06/12/2015
Presented
| Date | 06/09/2015 |
| Price | $43.80 |
| Market Cap | N/A |
| Ent Value | $1.51B |
| P/E Ratio | 36x |
| Book Value | $28.00 |
| Div Yield | 1.37% |
| Shares O/S | 32.77M |
| Ave Daily Vol | 230,000 |
| Short Int | 6.32% |
Current
| Price | $26.76 |
| Market Cap | $0.75B |
| Scholastic Corporation operates as a children’s publishing, education, and media company in the United States. The company’s Children’s Book Publishing and Distribution segment publishes and distributes children’s books, media, and interactive products through school-based book clubs and book fairs, and the trade channel. Its Educational Technology and Services segment produces and distributes curriculum-based learning technology and materials for grades pre-kindergarten to 12, as well as provides related implementation and assessment, and school consulting services. The company’s Classroom and Supplemental Materials Publishing segment publishes and distributes children’s books, classroom magazines, supplemental classroom materials, custom curriculum and teaching guides, print and online reference products, and non-fiction products for grades pre-kindergarten to 12 in schools and libraries. Its Media, Licensing and Advertising segment creates and produces programming and digital content for various platforms, including television, DVDs, audio, movies, interactive games, applications, and Websites; and offers a television library consisting of half-hour productions. This segment also produces television programming; offers young adult and children’s audio recordings for the school, library, and retail markets; and creates audio visual adaptations of classic children’s picture books, as well as develops literacy, education, and pro-social campaigns. The company’s International segment publishes and distributes products and services to schools, libraries, bookstores, and other book distributors in approximately 150 countries; and licenses the rights to selected Scholastic titles in 45 languages to other publishing companies. It also distributes its products and services directly to schools and libraries through retail stores and the Internet. Scholastic Corporation was founded in 1920 and is headquartered in New York, New York. |
Publicly traded companies mentioned herein: Houghton Mifflin Harcourt Co (HMHC), Scholastic Corp (SCHL)
Highlights
The presenter is long shares of Scholastic (SCHL), expecting significant upside from the sale of a retail property in SoHo. The sale will generate excess cash and the presenter believes the most likely outcome is a tender offer for SCHL shares.
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