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SCHL - Scholastic Completes Mrs. Nelson's Book Fair Buy
Scholastic Corporation
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 in the United States.
SCHL is acquiring assets on an opportunistic basis but the stock appears overvalued so my bias is BEARISH at its current level.
Target Company & Market
Pomona, California-based Mrs. Nelson's was founded to provide a range of school book fair services and products to assist schools in fostering reading while raising funds for their operations.The company