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MAY 25, 2006 at 5:36 AM
Posted by CHEESER
Source: AP via The Leaky Cauldron
Stocks of Scholastic will head north ahead of the publication of JK Rowling's to-be-named seventh book in her Harry Potter series, says
analyst Drew Crum.
"We are compelled by the potential upside in the shares given the impending publication of 'Harry Potter' number seven, when considering the stock's history of advancing and peaking ahead of a book release," he said.
Crum researched educational publishers and found that conditions are ripe for growth, thanks to school budget increases mandated by the "No Child Left Behind" act. Scholastic is doubly special because of its status as the Potter pusher in America.
However, the New York Times last week intimated that books aimed at children will see quite the opposite:
...growth in children's books is expected to decline sharply in 2007, when no Harry Potter book is currently scheduled for publication.
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Auror
Points: 2209
Scarlett Kent says:
Perhaps the success of the HP books will inspire other authors to step up to the plate and create truly wonderful literature that appeals to adults and children alike.
Posted May 26, 2006 at 1:35 AM EST
Prefect
Points: 305
hoggywartswitchwannabe says:
I can't wait to read more, and hear more about book 7!!!!
Posted May 26, 2006 at 2:11 AM EST
Head Girl
Points: 436
Mugglemagics says:
Scholastic is an EXCELLENT company....i read Jk's biography and i think it was Scholastic who first accepted to publish her books!! I can't wait for the 7th book title to be released!!
Posted May 26, 2006 at 2:13 AM EST
Wizard
Points: 570
minister of muggles says:
Harry potter will control the market...wierd. I didn't know he had that kind of power.
Posted May 26, 2006 at 2:24 AM EST
Witch
Points: 686
StormbreakerGirl says:
That's really cool! There's so much news on HPANA lately!
Posted May 26, 2006 at 3:27 AM EST
Auror
Points: 2913
Pema says:
That's so sad it's almost funny! Harry Potter is great, don't get me wrong, but the classics are important, education wise.
Posted May 26, 2006 at 5:28 AM EST
Witch
Points: 712
i brake for thestrals says:
well that completely makes sense that stocks would "advance and peak" before the books release..
I'm sad that hes thinking there wont be a book in 2007.. not what I want to hear at alllll...
Posted May 26, 2006 at 5:46 AM EST
Prefect
Points: 393
Polyjuice209 says:
That is very interesting! well i jus hope it comes out in 2007.,or i think i might just go crazy.
Posted May 26, 2006 at 5:48 AM EST
Muggle
Points: 42
Magus Prime says:
Wow thats intersting never would have thought that the most anticipated book ever would increase the value of stock prices.
Posted May 26, 2006 at 6:32 AM EST
Wizard
Points: 906
*The*Physical*Being* says:
I just wish it would come out already!!
Posted May 26, 2006 at 7:42 AM EST
Order of Merlin, 2nd Class
Points: 1600
jenn007a says:
Hopefully Harry Potter will be released in 2007 so they wont have any sharp declines!
Posted May 26, 2006 at 8:20 AM EST
Witch
Points: 649
Spell_Bound says:
I love hearing stuff about book 7 I can't wait. Is it july of 07 yet!!
Posted May 26, 2006 at 9:47 AM EST
Order of Merlin, 2nd Class
Points: 1741
HarryAssistant says:
Hmmmmm! Interesting! We'll the book will make record sales but I don't think children books ales will drop dramatically! You will still have books like Charlie Bone being released!
Posted May 26, 2006 at 9:58 AM EST
Head Girl
Points: 408
randomnessthoughts says:
I hope they are wrong, Book 7 better come out next year!!
Posted May 26, 2006 at 11:11 AM EST
Auror
Points: 2401
tonks 27 says:
Ouch....a sharp decline huh? well, i can see how they think that way. i mean, harry potter has made reading for millions a phenomanon (sp?). every one has been looking forward for a new book every 2 years and all of sudden we won't have that to look forward to. hopefully someone will rowling's brilliance will step up to the plate.
Posted May 26, 2006 at 1:44 PM EST
Princess of Nargles
Points: 4137
hp_fan206 says:
Wow, I wonder how much the value of the stock will go up when book 7 comes out. Its probably going to be a drastic increase :) I mean, with so many people buying it isn't a wonder. Too bad that Scholastic might suffer with no more JKR Potter publishings.
Posted May 26, 2006 at 1:51 PM EST
Wizard
Points: 503
Zauber says:
That last line really makes me laugh.I do hope it comes out by then because atleast there will be something interesting for me to do other than watch T.V.
Posted May 26, 2006 at 2:57 PM EST
Witch
Points: 695
LunaLove#1 says:
Hahaha. Just tell that to JKR.
Posted May 26, 2006 at 5:11 PM EST
Head Girl
Points: 449
Emma#1fan says:
NO!!!!!!!!!!!!!! i wanted it to be published next year, i really don't know how long i can wait for it.
Posted May 26, 2006 at 5:27 PM EST
Witch
Points: 828
Elphaba_Thropp says:
Wow Harry Potter does have a huge impact on peoples reading, not only young children but the older generation as well. I would much rather re-read HP than pick up a new book as ever since reading HP all other books seem a disappointment. (Except maybe the Da Vinci Code but HP is still my favourite!)
Posted May 26, 2006 at 5:34 PM EST
Prefect
Points: 337
felixfelicis14 says:
Ok, well then. I guess it doesn't really apply to me.
Posted May 26, 2006 at 6:04 PM EST
Auror
Points: 2351
Skitch says:
I've often wondered what will happen to Scholastic after all of JK's books are published. They will really be hard pressed to find another up-and-coming writer to back.
Posted May 26, 2006 at 6:52 PM EST
Witch
Points: 538
Dementor Hugger says:
OK, how can the people say that Harry Potter books arent for children? I mean, so what if they are just a little graphic, but why would they not let them be guided as a children's book?? Also, JK has said that the book will hopefully be out in 2007. Tell me how that is not a set-time that the book will be out.
Posted May 26, 2006 at 9:09 PM EST
Prefect
Points: 377
Michelle&Felicis:) says:
Ohhh dannggg
I just can't wait for the book!!
i'm starving here!
Posted May 26, 2006 at 11:16 PM EST
The Faerie Queene
Points: 3278
merri maven says:
I wouldn't want to buy stock in Scholastic because I agree that it's stock will drop once the last HP book come out.
Posted May 27, 2006 at 3:58 AM EST
Delusional Army Soldier
Points: 4400
ILoveHP! says:
Huh? No HP book scheduled for publication? Are they sure about that?
I'm happy for Scholastic... And... yay Harry Potter!
Posted May 27, 2006 at 4:24 AM EST
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