Quote:
Originally Posted by ZodWallop
I'm not saying that I expect B&N, much less Nook, to do a similar turn around. But I do think your assumptions about Nook's doomed future don't add up to a whole lot.
|
B&N doesn't have to depend on current revenue to recover, they're now owned by a hedge fund (Elliot Management) with deep pockets. So it comes down to whether or not Elliot Management thinks it's worth investing in B&N. So far they seem to want to rebuild the brand, not break it up to sell the pieces. So, for now, it appears we won't lose B&N or Nook, at least not in the short term. For me that's good news. I don't want to lose one of the last B&M book stores and I like more (not less) eBook competition. We'll see how it plays out.