Value Line Inc (VALU) 10-Q Quarterly Report Thu Mar 12 2020

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Jan. 31, 2020	Mar. 10, 2020
Document Information [Line Items]
Entity Registrant Name	VALUE LINE INC
Entity Central Index Key	0000717720
Trading Symbol	valu
Current Fiscal Year End Date	--04-30
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		9,636,471
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jan. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common stock, $0.10 par value per share

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Inside Value Line Inc's 10-Q Quarterly Report:

Mgmt Change - Other Highlight
The Value Line Mid-Cap Focused Fund, the Value Line Small Cap Opportunities Fund and the Value Line Capital Appreciation Fund have been named "Category Kings" in The Wall Street Journal ("Journal") in multiple months in recent years.

Financial - Shares Highlight
Cash outflows for the nine months ended January 31, 2020 were higher than in fiscal 2019 primarily due to the additional equity securities investments and an increase in purchases of fixed income securities in fiscal 2020.
Financial - Expense Highlight
Production and distribution expense categories decreased 5.3% as a result of cost controls and a decline in amortization of internally developed software during the nine months ended January 31, 2020.
Financial - Income Highlight
Effective income tax rate The overall effective income tax rates, as a percentage of pre-tax ordinary income for the nine months ended January 31, 2020 and January 31, 2019 were 27.05% and 24.20%, respectively.
Financial - Earnings Highlight
But the margin for error is now much smaller, with GDP growth likely to hover around 1%, at best, in the opening half.
Financial - Expense
The increase of $170,000 during...Read more
Financial - Earnings
The increase in cash inflows...Read more
Financial - Shares
The Value Line equity and...Read more
Other - Other
Other unknown or unpredictable factors...Read more
Revenue - Product
During the nine months ended...Read more
Other - Other
ASU No. 2014-09 is effective...Read more
Financial - Cash Flow
In November 2016, the FASB...Read more
Financial - Expense
Office and administration During the...Read more
Other - Other
Effective December 23, 2010, EULAV...Read more
Legal - Other
The Company's annualized overall effective...Read more
Other - Other
The Company adopted ASU 2016-02...Read more
Other - Other
This report contains statements that...Read more
Other - Other
Except as otherwise required to...Read more
Other - Other
The Company believes the following...Read more
Revenue - Product
Print publication revenues of $9,563,000,...Read more
Financial - Shares
At January 31, 2020, equity,...Read more
Financial - Shares
Cash outflows for financing activities...Read more
Other - Other
The largest of the individual...Read more
Financial - Income
The Company recorded income from...Read more
Other - Other
Management does not anticipate making...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Value Line Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: VALU
CIK: 717720
Form Type: 10-Q Quarterly Report
Accession Number: 0001437749-20-004901
Submitted to the SEC: Thu Mar 12 2020 1:21:08 PM EST
Accepted by the SEC: Thu Mar 12 2020
Period: Friday, January 31, 2020
Industry: Investment Advice