Scholastic Completes Mrs. Nelson's Book Fair Buy

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About: Scholastic Corporation (SCHL)
by: Donovan Jones
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Donovan Jones
IPOs, tech, alternative investments, CEO VentureDeal.com
Summary

Scholastic has acquired Mrs. Nelson's Book Fair Company for an undisclosed sum.

The deal was likely the result of the not-too-distant future retirement of the firm's founders.

SCHL's stock appears overvalued even with generous DCF assumptions, so my bias is BEARISH.

Quick Take

Scholastic Corporation (SCHL) has announced the acquisition of Mrs. Nelson's Book Fair Company for an undisclosed amount.

Mrs. Nelson's has developed a brand of premium school book fair services for schools