Quote:
Originally Posted by SensualPoet
I It had to suspend dividends earlier this year to ensure it could pay for inventory. It is investing very heavily in Nook, spending far more than it is recovering in revenue (let alone profit). And paper sales of books are drastically down across all publishers. Meanwhile, its chief competitor Borders is closing with 50% off sales which has to be sucking the life out of summer sales at B&N until that disaster is finished (end of August, early September).
Well, "ouch", at the least, is the operative word of the day.
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Wow, BKS had a .25 quarterly dividend at one time!
