EDUC - Educational Development Corporation: Q2 Virtual Meeting Reveals Upside Potential
- EDUC is the exclusive United States trade co-publisher of Usborne Children’s Books and the owner of Kane Miller.
- They operate two separate segments, UBAM and Publishing, to sell Usborne and Kane Miller children’s books.
- These two segments each have their own customer base. The UBAM segment markets its products through a network of independent sales consultants.
- The company increased sales from 2019 to 2020 by almost 100%, from 118 to 205.
- The market does believe that this growth is driven by the pandemic and would not be sustainable, and recently there was a lot of pressure on the stock.
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Educational Development Corporation: Q2 Virtual Meeting Reveals Upside Potential