Quote:
Originally Posted by FizzyWater
You could be right, but I will say, a third option is they're positioning themselves to be purchased.
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It could be. They went private in Dec 2015 so it would be easy to complete a deal.
Problem is, who wants 260 pbook stores of assorted sizes?
They are a breakeven company, netting around $3M on sales of $474M. (Less tban 1% margin.) And, since they own a chain of standalone yogurt shops, it is quite possible the profits come from yogurt, not books.
https://en.m.wikipedia.org/wiki/Books-A-Million
They aren't bleeding like B&N but they're hardly healthy so, where's the value? Growth potential? Their asset valuation looks pretty low, too, so they don't even look like dismantling them would yield much value. They don't control much of the market, either, about 3%.
They are a barely there presence.