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School Specialty Inc. Message Board

  • longtimefollower longtimefollower Jun 11, 2012 2:41 AM Flag

    SCHS being dropped from Russell 3000 index.

    That, despite the recent debt refinancing, is going to cause index fund selling...and probably other selling...and is probably why we have been down, since the day they announced the refi.

    I would imagine the stock could go to the low $2's again, or lower...before it bounces back.

    No position...yet.

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    • topline1@sbcglobal.net topline1 Jun 12, 2012 1:11 AM Flag

      Yes - agreed - will be institutional selling - They don't want to be in stocks below $5 anyhow. (and many are not allowed to buy stocks below $5 - so look for continued weakness unless something significant happens with earnings (or significantly lower loss.) That will be some time from now.

 
SCHS
0.091-0.0160(-14.95%)Feb 5 4:00 PMEST