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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: musicguy who wrote (10935)	1/14/1999 12:26:00 PM
From: Joe Copia	Read Replies (2) of 25711

Will GBFE gap up tomorrow also? Me thinks yes: Disney pact? Golden Books a page turner By David B. Wilkerson, CBS MarketWatch Last Update: 12:18 PM ET Jan 14, 1999 NewsWatch NEW YORK (CBS.MW) -- Shares of Golden Books Family Entertainment jumped 167 percent Thursday after a published report said Walt Disney Co. has purchased a stake in the children's-book publisher. Golden Books spokeswoman Kathy Makrakis wasn't immediately available for comment on the report, which first appeared in The New York Times. Shares of Golden Books (GBFE) added 1 1/4 to 2. Golden Books, which has seen its stock tumble from the 10-11 range in the past year, said it's streamlining to focus more intently on its core children's-book business. The company also makes family entertainment products designed for other media. Golden Books said last year that it has retained investment firm Allen & Co. as its adviser to help it explore "strategic alternatives" and is taking a number of cost-cutting measures.

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