It only took four days for Amazon to take advantage of the ruling on the e-book price-fixing settlement.
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Since the best books rarely trade, the industry depends heavily on data from price guides like the highly informative Overstreet Comic Book Price Guide.
But, with the average book price of the 19 big insurers' share portfolios now close to market prices, this game is now up for the weaker firms.
It took awhile to read the writing on the wall, but Macmillan has finally settled the antitrust lawsuit brought by the US Justice Department for the publisher's alleged e-book price fixing.
Vaughn, the associate publisher of The Overstreet Comic Book Price Guide, an annual publication considered the authority on comic book pricing, said the Action Comic No. 1 book sold Monday is worth every penny.
Publishers balked at Amazon's strategy out of concern that low prices could cannibalize their print sales, set unrealistic expectations in the minds of consumers, and lead Amazon to demand e-book price concessions from publishers.
When the US Department of Justice sued Apple and five major book publishers over alleged e-book price rigging, it immediately became clear that a few of these companies would do just about anything to avoid trial.
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HarperCollins, one of the three publishers that settled with the Department of Justice over the e-book price-fixing case, is already seeing its title discounted below what they had been selling for by Amazon, the leading U.S. bookseller.
FORBES: Cheaper E-Books Here Faster Than Expected: Amazon Begins Discounting HarperCollins E-Books
Price to book and price to sales multiples for LTM are pretty much in line with the industry averages.
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These are long term holds, a year out, and based on proprietary models at ValuEngine that choose stocks based on price to book, price to earnings and a host of other metrics.
Are the value measures -- price-to- book, price-to-earnings, price-to-cash flow -- in line with those of similar public companies?
He also looks at price-to-book, price-to-cash flow, price-to-cash and debt.
Price-to-book and price-to-cash flow factors resulted in different results.
Price to book or 4.5x for WNC is significantly higher than the 1.9x industry average, but price to book trades in line with the industry average.
Stack looks at historical measures of valuation: price-to-book ratios, price-to-dividend ratios and price-to-earnings ratios.
Now this book to price thing is much more complicated in looking at the returns of most investors.
Everyone from multimillionaire Caterpillar dealers to editors of "blue book" price guides stalk Ritchie auctions to see what's worth what.
But many of our stocks are only two times and a few are even down to something approaching net book price-to-book is one.
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The Price to Book ratio is a formula that represents the most recent share price of a company compared to its book value per share (the residual dollar value for common shareholders after assets are liquidated and all debtors are paid).
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But he would be more inclined to buy mining shares on price retreats and book some profits on price surges.
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He screens for stocks using academic theories, which mostly boils down to companies with low price-to-book ratios, low price-to-earnings ratios, low short interest and positive earnings momentum.
Ever since the Department of Justice went after Apple, Amazon and the book publishers for price fixing, Amazon went back to setting e-book prices as it sees fit.
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But a stock with a low price to book, some revenue or earnings growth, and some price appreciation, might attract interest from practitioners of 3 different investment styles so it would rank higher than the stock that just appeals to value investors.
"So customers should get the book at the around half the price of a printed book, " he said.
Health Care Blue Book confirms the price difference.
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Price to book of 5x is well above the 3.6x industry average while the price to sales multiple of 0.7x is slightly below the 1x industry average.
Finally, I set the valuation limits at a maximum price-to-book ratio of 4.0 and a maximum price-earnings ratio of 25.0.
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All active e-book customers noticed the price jumps in Amazon, which was forced to comply.
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Apple also stipulated that publishers couldn't let rival retailers sell the same book at a lower price.
Its price to book ratio of 3.0 is at a 57.9% premium to the peer group average.
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