i did a long message last night dealing with some of the issues wiley faces but hit the wrong button. first of all, while i recognize that some of my comments might appear too ad hominem and consequently seems to raise the hackles of some on this board, the essence of what i say is true. bottom line, while the company has a terrific franchise, whihc i believe it is wasting and a lot of assets, the market, meaning wall street, could care less. the decision to pay 58 million for the Pearson titles and another 100 million for that outfit in SanFran, signals to the investment community that the company is in no way interested in selling out. for value players, this presents a problem. now, it is my opinion that the family rues the day the company went public since they do not like to have bass reps on the board. the last time there was a hostile shareholder, a guy down in Princeton, they bought out his shares. if you look at the history of the stock, it has ramped when outsiders have made threatening noises. as a fundamental investment, the company's margins are still way under industry norms. in any case, the market has given you a roundtrip on this stock.
if the market perceived that the family was willing to do what cch and west did a few years back, then you would see higher prices. as to technology, mr. elliot, do not be so defensive in your support of the luddite disposition of the vp of marketing in college. how do YOU know him? by the way, i have no ax to grind--i do not own shares, i am not short shares, but i am an investor and quite successful one. so i hope you see higher prices but please stop with this blind allegiance to what has been a dog this year. no one cares.