Is it time to buy stock in B&N?

L.J. Sellers · 05-09-2011, 09:37 AM

A wall street analyst upgraded B&N to "buy," citing the NookColor's growing sales and the closure of Borders' stores... and the stock is moving up.

http://tinyurl.com/6esph7p
http://tinyurl.com/3bbzmpw

The company may hang in there for a while, but I still don't think its a good long-term bet.

L.J.

SleepyBob · 05-09-2011, 11:05 AM

I bought a couple months ago. I'm not sure if I would buy now that the price is up 30%, though.

bwaldron · 05-09-2011, 12:56 PM

Buying stocks based upon analyst recommendations would be a good way to lose money -- especially over the past decade or so.

jersysman · 05-09-2011, 01:59 PM

By the time most analysts upgrade a stock, it is too late. The stock will be at its premium and further rising of the stock value is not a foregone conclusion. Borders' closing of its stores is already reflected in the stock price today.

However with the announcement coming in a few days of another ereader, that might cause for a little more uptick.

Steven Lyle Jordan · 05-09-2011, 02:05 PM

Tough call. The new reader might improve B&N's prospects, but they still have a large physical infrastructure that can use some downsizing. It might be worth a short-term profit, but I still expect their stocks to do some more rising and falling in the near future.

J. Strnad · 05-09-2011, 11:12 PM

I wouldn't trust "a Wall Street analyst" to walk my dog, let alone advise me on stocks. But that's just me.

carld · 05-09-2011, 11:31 PM

I'm not sure. If the strongly rumored Amazon tablet is real, and it's delivered at a good price point with an OS that isn't locked down. it could put a real dent in Android tablet and Color Nook sales.

05-09-2011, 09:37 AM	#1
L.J. Sellers Novelist Posts: 287 Karma: 387979 Join Date: May 2010 Location: Eugene, Oregon Device: Kindle	Is it time to buy stock in B&N? A wall street analyst upgraded B&N to "buy," citing the NookColor's growing sales and the closure of Borders' stores... and the stock is moving up. http://tinyurl.com/6esph7p http://tinyurl.com/3bbzmpw The company may hang in there for a while, but I still don't think its a good long-term bet. L.J.

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05-09-2011, 11:05 AM	#2
SleepyBob Evangelist Posts: 420 Karma: 8522810 Join Date: Dec 2010 Location: Wisconsin, USA Device: Kindle PW3	I bought a couple months ago. I'm not sure if I would buy now that the price is up 30%, though.

05-09-2011, 12:56 PM	#3
bwaldron Wizard Posts: 1,229 Karma: 543210 Join Date: Feb 2008 Location: Gatlinburg, Tennessee Device: Kindles: Paperwhite Signature Ed., Oasis 2, Voyage	Buying stocks based upon analyst recommendations would be a good way to lose money -- especially over the past decade or so.

05-09-2011, 01:59 PM	#4
jersysman Wizard Posts: 1,747 Karma: 3761220 Join Date: Mar 2011 Location: Pennsylvania Device: T1 Red, Kindle Fire, Kindle PW, PW2, Nook HD+, Kobo Mini, Aura HD	By the time most analysts upgrade a stock, it is too late. The stock will be at its premium and further rising of the stock value is not a foregone conclusion. Borders' closing of its stores is already reflected in the stock price today. However with the announcement coming in a few days of another ereader, that might cause for a little more uptick.

05-09-2011, 02:05 PM	#5
Steven Lyle Jordan Grand Sorcerer Posts: 8,478 Karma: 5171130 Join Date: Jan 2006 Device: none	Tough call. The new reader might improve B&N's prospects, but they still have a large physical infrastructure that can use some downsizing. It might be worth a short-term profit, but I still expect their stocks to do some more rising and falling in the near future.

05-09-2011, 11:12 PM	#6
J. Strnad Guru Posts: 915 Karma: 3537194 Join Date: Feb 2009 Device: Kobo, Kindle 3, Paperwhite	I wouldn't trust "a Wall Street analyst" to walk my dog, let alone advise me on stocks. But that's just me.

05-09-2011, 11:31 PM	#7
carld Wizard Posts: 2,698 Karma: 4748723 Join Date: Dec 2007 Device: Kindle Paperwhite	I'm not sure. If the strongly rumored Amazon tablet is real, and it's delivered at a good price point with an OS that isn't locked down. it could put a real dent in Android tablet and Color Nook sales.

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