Quote:
Originally Posted by SteveEisenberg
They can't, because the current market value is a digest of the opinion of all stock buyers, the great majority of whom are directly or indirectly getting their information on what the company is worth from said analysts. If the bulk of analysts thought the price was going toward value X, it would already be there.
What I just wrote couldn't be less original -- it seems to me the conventional financial wisdom of professional economists. Before taking any such analysts seriously, read A Random Walk Down Wall Street. (B&N EPUB is US$19.46, and no Kindle edition. I advise used paper or the public library  ) |
Bulk doesn't agree or their clients don't act on their report so it remains below $14. And no one knows what will happen with the DOJ, competitors and new hardware releases.
Interestingly, Fidelity bought (or obtained) 10% off all outstanding shares of B&N last year. Just over 6 million shares to become 3rd largest shareholder with market value of about $14.50/share.