Scholastic - SCHL - 2007/06/03 02:55
The company’s valuation is very well undervalued against its peers, trading at over a 100% discount. The company has been in business since the twenties and although it hasn’t performed well in recent years, the announced 15% stock buyback gives me good conviction to put a buy recommendation on this stock. I feel the stock has hit a bottom and now has the support of the management team to increase the price.
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