Right now the bigger question is whether B&N will be around long enough to release anything:
https://the-digital-reader.com/2019/...ocks-to-watch/
The quoted numbers are pretty scary:
Quote:
As of the most recent quarter, the company has $11.2 million in cash and $63.7 million in accounts receivable. While it doesn’t have any short-term debt, it does have over $621 million in accounts payable. Further, long-term debt sits at $278 million.
Despite this seemingly lopsided situation, the company still pays out a dividend. Its yield is near 9.9%, a red flag to be sure. And even though the company turned in one of its best holiday comps in recent memory, management warned on profit, saying it may fall up to 10% year-over-year.
It’s been years since since BKS turned in an annual income statement without red ink on its net income line. This one’s bankruptcy seems inevitable at some point down the road.
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