Friday, May 6, 2011

Amazon.com (NASDAQ:AMZN) Textbook Legal Fight

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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 day’s trading. There’s 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 Zack’s Rank: 13 out of 17 in the industry



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