go away. This stock obviously causes you great pain and consternation. For your own well being, I advise that you cease your constant monitoring of its performance. If you own any shares, sell them, as it is unlikely to begin performing on par with yahoo.com in the near term. It is a very closely held stock, and moves in patterns rather seperate from the whims of individual investerors.
on the public stock thing...sorry about that...just saw on the chart that it didn't begin until 1995, which I guess is when it began on NYSE...thanks for the info...
Also, I never meant to say that Wiley would become the predominant ecommerce or epublishing site on the Web. I only meant that, in the areas in which Wiley competes (architecture, graphic design, chemistry, physics, psychology, engineering, culinary arts, etc.) they are setting themselves up to compete aggressively online. You're right that this will take a shift in the culture of the company, the same as for any old-media company. Wiley has successfuly made these massive paradigm shifts in their past 193 years (distillery to tract bookstore, tract bookstore to publisher of fiction, fiction to sci/tech, sci/tech to professional and trade, sci/tech/prof/trade to new media and etext?) and I have full confidence in their ability to make this latest transition. The leadership is there for this move and they have the staff and financial backing to make it happen. Content is content is content is content whether the means of production and distribution change is irrelevant. And, believe it or not, the new distribution models for etext and new media bode better for the producers of that media (publishers) than for the channels of distribution (Barnes and Noble, Borders, BOTMC, etc). Without the need for the middleman, customers can go directly to the source and purchase the products at a fraction of the cost necessary today--for without bookstores demanding their tithe for distribution, publishers will finally have more actual say over the price of their products and higher profit margins because of it.
Finally, Wiley's focus on must have reference works, journals and collegiate textbooks will translate better to new media than the low priced current events and soft science products being brought to market by many of their competitors. See Barlow's "The Economy of Ideas" for more on how this model might play out in the coming years.
i am not long the shares pixie. i realize the "b" shares, whcih are the supervoting shares, are controlled by the family, or as you observe, so "tightly held."
i am not in pain. the chart, however, is. i am glad to see that you think the shares should be sold. if i can flush out a few more of you people, i just might step up to the plate. by the way, pixlated, where have all the editors gone????
I don't believe the shares should be sold since I am in full support of this company and believe it has a bright future ahead of it. I simply think that you have obvious issues with this company, and thus should refrain from dwelling on it. It's for your own good--we're concerned about you, Mowine. You've lost your color, and that twinkle is gone from your eyes. You need to learn to _love_ yourself, Mowine.
And to whom exactly do you refer to when you pointedly ask, "where have all the editors gone"? You obviously know something that has troubled you greatly--do tell. As far as I'm aware, there are plenty of quality editors at Wiley (and production people, and marketers, and support staff, and warehouse managers, and new media staff, and...). They recently lost one very good editor from the business group, but he left to start an internet company with a $10million bankroll he had secured--and there's little anyone can do to halt attrition in the age of .com. But one editor does not a company break. Not to put too fine a point on it, but, he has already been replaced since he was replaceable (as everyone is). Lest you forget that Professional publishing is not the personality cult of Trade publishing. There are no Judith Regans, and will never be in a Sci/Tech house. Leave that stuff to Bertelsmann.
So, I'm wondering, are you a masochist? Why, if you own shares in this company, do you go on a public forum to kvetch about it in your oh so suggestive manner? Is this the way to drive up the shares so you can make your profit? Or do you enjoy shooting yourself in the foot? Remember, nobody likes a killjoy, you big sourpuss :-(