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Originally Posted by Fbone
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.
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Obvously, Fidelity had no pipeline to the DOJ decision makers. With agency, BN had could have turned things around in time, maybe even expanded overseas. All of that is out the window now. Shatzkin sez:
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To Barnes & Noble, it would mean they have to devote cash resources to ebook discounting that they might have preferred to dedicate to further development of the Nook platform, maintaining the most robust possible brick-and-mortar presence, and improving the user experience at BN.com. Unconfirmed stories abound that B&N is about to announce an international expansion. Whether that will produce cash flow immediately or require it for a while is not yet known. For B&N’s sake, it would always better if it were the former, but if they’re about to fight discounting wars, it might be critical.
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