Gabelli Maintains Buy on Scholastic

Gabelli is out with its report today on Scholastic

, maintaining Buy. In its report, Gabelli writes, "Buy. SCHL shares are trading at 6.6x this year's EBITDA and 6.2x next year. Our first pass at recasting reporting segments results in an increase in next year's PMV to $50 per share from $47, reflecting a 9x multiple for Educational Technology and a 6.0x multiple for Supplement Materials instead of an 8x multiple for all of Educational Publishing (the prior segment)." At the time of posting, shares of SCHL were trading at $27.59, down 0.33% from Thursday's close.