I was shorting this stock a few weeks ago at $16 through a derivative. I'm kicking myself because I took it off too soon. Damn, the stock is below $10 now. I hate being right but not being able to capitalize on it because of lack of confidence.
About ~1.5yrs ago, I predicted this company would go out of business within 5 years. I'm keeping my original time table...they have ~3.5 yrs left.
So HP, RIMM, and Dell, et al, all failed with their tablets but B&N is going to succeed and do enough to save their Bricks and Mortar business? I don't see them hanging onto their market share. Also, is there really enough synergy between the Nook and the stores to justify keeping the stores open 2 years down the road when they are completely dead weight? Their core business is deteriorating. The synergies between the two could easily be accomplished through a commercial agreement with any store with wifi, the nook and other physical books can be sold online, electronics retailers can sell the nook retail.
Last edited by markbot; 01-05-2012 at 11:19 AM.
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