Anticipation is almost too much to bear, as the 7th and final installment of the Harry Potter series goes on sale midnight Friday. Fans have been lining up for days and ordering online for over a year. The young wizard has been magic for the companies that sell and publish this worldwide phenomenon. But does the end of the Potter series equal the death of its publisher Scholastic (SCHL)?
CBNC Media Reporter Julia Boorstin joins the guys for this conversation. Here are excerpts of what was said.
Boorstin doesn’t think Scholasticis overly dependant on Harry Potter sales. She adds Barnes and Noble (BKS) and Amazon.com (AMZN) are discounting the book so they’re not getting huge margins out of it.
Dylan asks the guys if there’s a trade?
Jeff Macke tells the panel to stay out of the bookstores. He says only Fedex (FDX) benefits from Harry Potter because they ship the book.
Boorstin adds that Scholastic could be a private equity takeover target.
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