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No. There is some press going around saying the booksellers are cutting margins on each other over selling Harry Potter, so it won't be a positive event for them, like in the past. Plus the general overall concerns over the bricks and mortar booksellers. I am out of BAMM right now. Got out when they went above 20 and PE was above 20. There was no way they were going to grow that fast. They have been growing low single digits but managing the bottom line very well, so had good earnings the last couple of years. Question is if most of those productivity increases that are available have been found already. But with a PE of 10, BAMM becomes interesting again. I will probably buy some tomorrow.
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