John Wiley Update: The One that Got Away

The errors of omission are far more serious than the errors of commission. They don't show up in the numbers.

Last year around this time, I posted about John Wiley, the 205-year-old, family-controlled company whose core business is the publishing of academic journals. Following the "peer review rings" controversy and the accompanying class action lawsuit threat, the stock price had tanked to $30. Last September, I wrote:

To summarize, we have estimated that Wile…