Any thoughts on why the stock has been trending down over the last two weeks or so? Even on days when the market is up, it seems to go down fractionally. There just doesn't seem to be any buying interest.
a tie-up between jw.a and htn in college is a longstanding rumor so that each would have the critical mass to compete effectively against the big boys. also, itp has not been shy about telling anyone willing to listen that they are interested in either the educational division or the whole thing. they do have a ton of money.the challenge for jw.a is whether the "niche" publishing strategy is a viable one, especially in college, where other pubs have a larger investment in technology (websites, distance learning, etc). the three offspring still control the majority voting shares.
the natural fit is not Worth/Freeman---wiley brings no technology to the table. the fit is with itp (thomson), which has long itched to get into the engineering/physics arena. but there a lot of potential buyers should the owners ever decide to sell.
Two things to note, maxsimm. First the recent drop is off an all-time high so isn't that odd. Second is the timing: Wiley published their yearly figures on 7/10, the stock peaked on 7/10. A quick scan through the figures shows they took a bit of a hit on International revenues (mainly Asia, Europe is a separate line) but that's no real surprise either.
The readjustment, after maxsiimm's post, had no effect at all so there doesn't seem much to gain from a simple comparison with the indexes.
I'd have replied sooner, maxsimm, but was on vacation. Not all play though: news from UK of changes at the top at Dorlink Kindersly and, after the Wolters Kluwer mess, Reed Elsevier casting around for a new CEO.