The first quarter is a traditionally small quarter but another strong performance by S&P continues to support our thesis and overweight rating. |
We are giving the company the benefit of the doubt in terms of these costs savings. |
We think that although investors continue to be wooed to the Scholastic story by the financial strength of the Harry Potter franchise ... shareholder attention is shifting its focus towards the health of the company's core businesses, which still must be called into question after another troubling earnings report. |