Friday, May 6, 2011

Amazon.com (NASDAQ:AMZN) Textbook Legal Fight

Amazon.com (NASDAQ:AMZN) has sued the National Association of College Stores
Inc. Amazon.com (NASDAQ:AMZN) Textbook Legal Fight Amazon.com (NASDAQ:AMZN) has
filed a lawsuit against the National Association of College Stores Inc., a trade
group of 3,100 college and university bookstores, responding to a complaint by
NACS that Amazon.com (NASDAQ:AMZN)'s textbook ads are misleading. Amazon.com
(NASDAQ:AMZN) has argued in the suit that NACS member bookstores are trying to
maintain their profit margins, which Amazon.com (NASDAQ:AMZN) says are typically
20-25% when they don't face online competition. Amazon.com (NASDAQ:AMZN)
shares were at 197.11 at the end of the last days trading. Theres been a 15.2%
change in the stock price over the past 3 months. Amazon.com (NASDAQ:AMZN)
Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.91
(1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.97 Zacks Rank: 13 out of 17 in the
industry

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