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Old 05-09-2011, 09:37 AM   #1
L.J. Sellers
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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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Old 05-09-2011, 11:05 AM   #2
SleepyBob
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I bought a couple months ago. I'm not sure if I would buy now that the price is up 30%, though.
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Old 05-09-2011, 12:56 PM   #3
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Buying stocks based upon analyst recommendations would be a good way to lose money -- especially over the past decade or so.
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Old 05-09-2011, 01:59 PM   #4
jersysman
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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.
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Old 05-09-2011, 02:05 PM   #5
Steven Lyle Jordan
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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.
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Old 05-09-2011, 11:12 PM   #6
J. Strnad
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I wouldn't trust "a Wall Street analyst" to walk my dog, let alone advise me on stocks. But that's just me.
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Old 05-09-2011, 11:31 PM   #7
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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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