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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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Chief Auror
Points: 15502
auror_potter says:
Yeah it seems like whenever an HP book comes out it flys, and after they come out it drops, oh they will be screwed when the series is done.
Posted May 28, 2006 at 1:49 PM EST
Student
Points: 271
Moyra says:
I didn't really understand that story would you mind explaining it in English :S?
Sorry if I'm not smart enough for these stories....
Posted May 28, 2006 at 4:46 PM EST
Student
Points: 271
Moyra says:
I get it now!!! I'm soo stupid!! But yeah, After HP7 comes out..Scholastic are going to need to find a new big thing if they want to stay in business..
Posted May 28, 2006 at 4:47 PM EST
Squib
Points: 117
Kwini says:
I bet that Scholastics are glad they jumped on that bandwagon, not only have they gained financially but think of all the kids that managed to benefit. All round winners:)
Kwini
Posted May 28, 2006 at 5:33 PM EST
Order of Merlin, 3rd Class
Points: 1596
alastor_moody says:
I would like some stock in that...But I would like book 7 more!!!so lets roll thaat ball and get to writeing jk!
Posted May 28, 2006 at 7:22 PM EST
Padfoot’s Playmate
Points: 5374
Siriusbeau says:
This is sad that they have made so much money off of her and now they are going to start bitchin about the sales they will loose. Waa waa....cry babies, be thankful for what she gave you.
Posted May 28, 2006 at 9:04 PM EST
Prefect
Points: 384
AvadaK says:
How can you not expect numbers to rise with the Potter books coming out. They've gone up with every release.
Posted May 28, 2006 at 10:43 PM EST
Witch
Points: 732
Dumbledores~Fave says:
What no harry potter scheduled for 2007!!! nooooooooooooooo!!
Posted May 29, 2006 at 3:12 AM EST
Lady of Hufflepuff
(Moderator)
Points: 10377
Lady Lee says:
Well regardless of all of this, we all know Harry Potter book seven will do quite well because of it's large audience. But after Harry Potter? Who knows what will happen to book sales. I am sure that if JK writes a book with all the information she left out will be a tremendous hit but other than that? Well, I guess we'll just have to wait and see if another author comes out with a good book or series.
Posted May 29, 2006 at 9:09 AM EST
Auror
Points: 2429
PHOENIX5625 says:
That is a little sad. Jo is trying trying to get kids to read more. What are they going to do when there is no more HP books.
Posted May 29, 2006 at 3:13 PM EST
Order of Merlin, 2nd Class
Points: 1647
Hermione's younger sister says:
The sooner the seventh book comes out the better. I am dying to read it. I am excited just to see the cover, let alone the rest of the book.
Posted May 29, 2006 at 4:43 PM EST
Order of Merlin, 2nd Class
Points: 1675
lissir10 says:
growth in children's books is expected to decline sharply in 2007, when no Harry Potter book is currently scheduled for publication.
HAHA thats funny!! But true most children are always waiting for the next HP book, but then there will be no more... How depressing. I can't wait for the next book!!!!
Posted May 29, 2006 at 7:50 PM EST
Auror
Points: 2621
hbluvhp says:
I'm sure Scholastic books will be sad to see book 7 come and go... HP has been such a major boost for their book sales and it'll be almost a let-down when the series comes to an end. I guess we'll all be mourning the end of the saga together.
Posted May 29, 2006 at 10:10 PM EST
Squib
Points: 117
iNLoVeWitPiRaTes0fCaRiBeN says:
Omigosh!! I really don't think I can wait until 2007 for the book!! Im going mad! I wish It came out in 2006! ugh.
P.S. Germz.. YOu have the cutest icon!! where'd you get it??? I LOVE the phleps twins!
Posted May 30, 2006 at 12:36 AM EST
Order of Merlin, 4th Class
Points: 1345
Dracos_Gurl13 says:
That's awesome for the stock market now but I quite agree with that last remark. After all the books are out, why buy them after everyone's read them?
Posted May 30, 2006 at 6:53 AM EST
Professor
Points: 1011
Fflewddur Fflam says:
This is such an obvious and useless article. Of course the brokers are bullish. Look at this website...this is the most obvious book to be bullish...there are going to be so many copies sold.
Posted May 30, 2006 at 10:38 AM EST
Prefect
Points: 345
Saphira211 says:
I bet! Harry Potter is the number one selling childrens book! Without it there is no big upcoming series!
Posted May 30, 2006 at 10:41 AM EST
Student
Points: 271
Germz says:
WISHIN2BWITHIM,
Thanx, just check out my personal link if you want it.
:D
<3 Germz.
Posted May 30, 2006 at 6:37 PM EST
Chief Auror
Points: 15502
auror_potter says:
Padma Patil
Nomiree here is the email of shauna the person who will be taking over for you. I don't have your email so I am stalking your from here with SHaunas email so no one will be able to take it because not too many people read all these posts. mix2mellady@msn.com She asked me to tell you to send her your old lessons and any info that you might have saved.
Posted May 30, 2006 at 9:46 PM EST
The Chosen One
Points: 9948
Gryffindor Dude says:
I didn't really understand this since I don't know much about stocks but I don't think that it will decline in 2007.
Posted May 31, 2006 at 12:54 PM EST
Loose Canon
Points: 3411
JustHarry says:
Bloomsbury is already jockeying for a power-position for the time when the HP series comes to an end. We'll be seeing A LOT out of both Bloomsbury and Scholastic in the upcoming months, because they have to show how "powerful" they are, even without Harry to bolster their sales.
Posted Jun 1, 2006 at 2:58 PM EST
High Inquisitor
Points: 23488
KT Lady says:
Hmmm, well maybe I should start investing in some Scholastic stock! haha Seriously...it's going to rise insanely once book 7 is released.
Posted Jun 2, 2006 at 10:52 PM EST
Order of Merlin, 1st Class
Points: 1966
DanFan723 says:
It´s amazing how the Harry Potter series can mandate whether or not the sales of childrens books are high or low.
Hopefully wishing that the book does come out in 2007!
♥
Ale
Posted Jun 3, 2006 at 4:53 PM EST
Squib
Points: 159
harryfan890 says:
I want the book I taste it just one page please Joe how bot the page when Harry kills Voldamort.
Posted Jun 4, 2006 at 11:17 AM EST
Professor
Points: 1005
HP_obsessor says:
I need the book now! Everyone needs the book now! ugh, i'm going to freak out because I cant have the book now!
Posted Jun 4, 2006 at 12:28 PM EST
Auror
Points: 2146
kkids says:
"...growth in children's books is expected to decline sharply in 2007, when no Harry Potter book is currently scheduled for publication."
Does this mean that no other author is capable of capturing an audience like Ms. Rowling?? This is an awesome fact quoted from the New York Times.
Posted Jun 4, 2006 at 2:13 PM EST
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