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LeapFrog Enterprises Inc. Message Board

  • mtheis17 mtheis17 Mar 22, 2013 11:00 AM Flag

    Is anyone farmiliar with SCHL (Scholastic Corp)

    To anyone who wants to talk other stocks. If your upset I'm talking about SCHL on the LF message baord, don't comment.

    I came across this company by accident but noticed it got slammed yesterday and am now contemplating getting in. The reason I'm asking in this board is because they are in somewhat of a similar space as LF, although they do not compete directly with any LF products. Both companies are aimed at helping kids learn. Althouhg scholastic mainly sells books and consulting services, and LF sells technologically based products. I listened to the conference call and it seems as though the company is looking to become more technological. They recognize that ebooks are becoming more popular than print books, and that technology (like the Leappad from Leap Frog) is impacting education for kids now. Mights scholastic try to make a move into LF's territory? Might they move into the content space? Perhaps they will partner with LF in the future!

    The company has a pretty healthy balance sheet and a nice amount of FCF. I calculated the tangible book value to around $19 but with goodwill its around 25. SCHL is currently trading at around $26 after getting hit hard yesterday and losing 15% almost $5. The company pays a dividend though, and that tends to lower volatility a bit. So my theory is that it may drop another dollar or two but then drift back up.

    Any insite on SCHL is VERY welcome, negative, positive, whatever! The SCHL message board is absolutely dead which leads me to believe that this stock flies under the radar with retail investors.

    Thanks everyone!

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