Oct 17th 2012 - Edison Investment Research today published a report on Quercus Publishing (QUPP.L, LSE:QUPP, LON:QUPP) entitled "Still In Bud". In summary, the report says:
Quercus is very much in the growth development stage, investing in the physical and human infrastructure to support a more substantial and sustainable business, so results from any one financial reporting period are unlikely to be a linear progression. We reduced our FY12 forecasts post the interim figures and statement and our FY13 numbers are under review. Concentrating on content generation and broader delivery, including the US, where the new distribution agreement gives far greater leverage, presents Quercus with good opportunities to drive sales of new titles, but also gives firm bedrock for future backlist sales. The share price has yet to reflect the potential.
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