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West Ashley Library
9 a.m. - 4 p.m.
Phone: (843) 766-6635
Main Library
9 a.m. - 6 p.m.
Phone: (843) 805-6930
Folly Beach Library
Closed for renovations
Phone: (843) 588-2001
John L. Dart Library
9 a.m. - 6 p.m.
Phone: (843) 722-7550
St. Paul's/Hollywood Library
9 a.m. - 5 p.m.
Phone: (843) 889-3300
Mt. Pleasant Library
9 a.m. – 6 p.m.
Phone: (843) 849-6161
Dorchester Road Library
9 a.m. - 6 p.m.
Phone: (843) 552-6466
Edgar Allan Poe/Sullivan's Island Library
9 a.m. - 6 p.m.
Phone: (843) 883-3914
John's Island Library
9 a.m. - 6 p.m.
Phone: (843) 559-1945
McClellanville Library
Closed for renovations
Phone: (843) 887-3699
Edisto Library
9 a.m. - 3 p.m.
Phone: (843) 869-2355
Wando Mount Pleasant Library
9 a.m. - 6 p.m.
Phone: (843) 805-6888
Otranto Road Library
9 a.m. - 6 p.m.
Phone: (843) 572-4094
Hurd/St. Andrews Library
9 a.m. - 6 p.m.
Phone: (843) 766-2546
Baxter-Patrick James Island
9 a.m. - 6 p.m.
Phone: (843) 795-6679
Bees Ferry West Ashley Library
9 a.m. - 6 p.m.
Phone: (843) 805-6892
Village Library
9 a.m. - 6 p.m.
Phone: (843) 884-9741
Keith Summey North Charleston Library
9 a.m. – 6 p.m.
Phone: (843) 744-2489
Mobile Library
9 a.m. - 5 p.m.
Phone: (843) 805-6909
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Investment Characteristics of Textbook Publishing Companies.
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- Author(s): Pickett, Ralph R.
- Source:
Financial Analysts Journal. May/Jun69, Vol. 25 Issue 3, p59-62. 4p.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: The article examines key issues and developments relevant to the investment characteristics of textbook publishing companies in the U.S. Financial data from twelve publicly owned companies were investigated to determine the basic investment characteristics of the textbook publishing industry. The result of the investigation shows that most companies employed the technique of longterm borrowing. Retained earnings were a regular and important source of financing, larger than for the typical industrial company while annual earnings showed a high degree of stability and averaged 10 per cent of assets. The favorable investment outlook for the industry was reflected in relatively high price-earnings ratios. Contributing factors were expanding school and college enrollments combined with increasing per capita expenditures. Growing profitability was indicated by the larger increases in net income and assets than in sales.
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