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Stock market learns what every writer knows

By Op-Ed Editor | October 10, 2007

Avner Mandelman of Toronto, who advises on investments, published a book on the subject with McGraw Hill, and then looked into the firm as an investment opportunity.

“It soon dawned on me,” he writes in his Globe & Mail column, “that …the company has much of its R&D product development done for it at a relatively low cost by outside suppliers (authors) who are paid royalties only if they produce, so much of the product cost is variable. I like that.”

Well, as an investor he liked it….

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