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As of Wed 12/11/2013 04:00 PM EST | USD
Good morning and welcome to the Wiley's Second Quarter Earnings Call. As a reminder, this conference is being recorded. At this time, I would like to introduce Wiley's Director of Investor Relations, Mr. Brian Campbell. Please go ahead, Sir.
Fed policy uncertainty, the global macroeconomic picture, and e-commerce competition could curb recent consumer cyclical stock momentum.
Although these three firms might be too small for Berkshire, they have great competitive advantages, and our analysts think they're cheap, too.
These management teams should be good stewards of shareholder capital in today's uncertain environment.