Company July 31 August 31 % CHANGE
Following a down July, the Publishers Weekly Stock Index bounced back in August, rising 7.0% in the month. Winners outpaced losers by a 14 to seven margin. The biggest winner in the month was Banta, whose stock priced soared 33.2% after the company received an unsolicited acquisition offer. Although Banta rejected the overture, the stock has remained high and the would-be buyer, Cenveo, upped its bid last week. An improved forecast helped to boost the stock price of Marvel in August, while the announcement of a stock repurchase program contributed to the increase in Amazon's stock price. MediaBay's myriad problems dropped its stock price to 27 cents at the end of the month. AMS's stock price has also seen steady declines recently.
Source: Reed Business Information
Winners
Banta Corp. 35.33 47.05 33.2%
Marvel 17.68 21.44 21.3
Amazon 26.89 30.83 14.6
R.R. Donnelley 29.19 32.42 11.1
Barnes & Noble 33.52 36.51 8.9
Losers
MediaBay .35 .27 -22.8
Advanced Marketing Svcs. 3.90 3.20 -17.9
Hastings Entertainment 7.59 6.26 -17.5
Reader's Digest 13.66 12.81 -6.2
Educational Dev. Corp. 6.95 6.60 -5.1
Publishers Weekly
Stock Index 453.96 485.57 7.0%
Dow Jones Ave. 11,185.00 11,381.15 1.7