looks like no one cares about any profits anymore....just buy everything in sight and watch it go up....pure nonsense going on
This is completely irrational...negative comps in every segment, Nook completely dead, a continuation of losses even with lower contribution from this disaster called Nook, and stock is up??? I would have expected a 30%+ drop on such a disaster, but it seems there is tremendous support from the thieves that are luring retail folks into this trap. Something not adding up here, i would stay as far away as possible from this dying company...
Anyone notice this from today's report: "Comparable College store sales reflect the retail selling price of new or used textbooks when rented, rather than solely the rental fees received and amortized over the rental period." This Seems quite meaningful.
"The College segment had revenues of $226 million, flat as compared to a year ago. Comparable College store sales decreased 2.0% for the quarter, primarily impacted by the timing of the start of the back-to-school rush season as compared to last year. Comparable College store sales reflect the retail selling price of new or used textbooks when rented, rather than solely the rental fees received and amortized over the rental period.
College EBITDA losses increased to $32 million, as compared to $19 million in the prior year, due primarily to higher expenses associated with new store growth in the non-rush first quarter and continued investments in digital education. The new store growth is expected to benefit College during the second quarter back-to-school rush period."
It is bad enough when they have to use EBITDA, but when College EBITDA losses are increasing and they are choosing to change the way revenue is recognized, it does not look pretty.
On top of this, retail is still shrinking and losing money and the Nook appears to me to be a complete failure.
Where is the upside...a greater fool buying them out?
Sentiment: Strong Sell
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Try capitalizing the annual FCF after the spinoff.
Then you will have the start of an idea.
I think Riggio will make an offer for Barnes and Noble Retail. He'll offer single digits for it.....LMFAO!
i don't care if 75% of the shares are sold short. he dumped his shares because he became upset after trying to buy the retail portion and take it private. Probably because he knew it's value was well above the price tag the market gave it. hell, i wouldn't be surprised if he still made a play and tried to buy it again now that nook/college is being spun off.
I do not own AMZN, TSLA, or NFLX. I think they are all overvalued. I think most of the entire market is overvalued including BKS and JCP. If BKS is so cheap, why did Leonard Riggio dump a lot of shares? Why is over 20% of the float short? I'm sure wrb335 is much smarter than all of these shorts.
large losses????? what are you talking about. the brick and mortar stores are cash cows. you would see this if you actually read financials instead of just listening to what everyone else has to say regarding the retail industry. and i actually did buy jcp when it was at 6 bucks, buddy. i'll let you keep building that position of yours in amazon. go ahead and buy some netflix and tesla too. because the forward earnings plus growth on those companies definitely justify paying 1000 times earnings. good luck!
If you want to buy a brick and mortar retailer with declining revenues and with large losses, I'm not going to stop you. You ever consider the possibility that AMZN is pretty much killing BKS (and many other brick and mortar retailers). While you're at it, why don't you buy JCP. And better yet, go out and buy RSH. I'm sure they look incredibly cheap to you also.
well- the retail portion of the business did $350M ebitda this past fiscal year. the nook/college division is being spun off into a separately traded company. a few years ago, microsoft paid $300m for 30 percent of that business. they are outsourcing tablet production to samsung to save a ton of cash. they are partnering with google for same day book delivery. the market cap is 1.3 billion??? my question is why isn't this at 30 yet? haha mpharbold, can you please explain to me your valuation of the company without screaming "fire" or "short" or "crash"? because i can justify like a 1.8 billion market cap on the low side when it's all said and done.
Sentiment: Strong Buy
It's being manipulated higher for the time being. Analysts are getting all the mileage they possibly can with the company soon splitting into 2 separate companies. There is a large short position on BKS and the pundits are playing it, squeezing the shorts. Fundamentally, BKS looks disastrous to me. Last quarter they were expected to lose .59 and they reported losing .72. The stock has moved up about 15% since then. I expect it's only a matter of time and BKS comes crashing down. There is a large short position for good reasons.
The fact that they have the highest prices tolerable means that management is doing a pretty good job.