dear god I have been looking at the chart, too, but what I see as the game -changer here is that BKS is prudently buying up the college bookstore market. Now, if you have or have had college kids of late these little brick and mortar money makers have a captive audience..college students and their families buying everything from toothpaste to textbooks, snickers to sweatshirts. Earning are looking to triple this year to next. I think now it may be a time to buy and hold. IMHO of course.
Can you make millions on this stock by just buying it at circa $7 and selling it at circa $14 over and over over? The 5 year chart.... man if I had predicted that pattern, I'd be filthy rich.
That is true, and that is the worst thing possible for BKS, since the shift will push some of the people on physical books into e-books...the facts are undeniable, e-books have taken, and continue to take share from physical books...and this will only accelerate as the millennials become a larger target market for book sellers going forward...cheers!
During the presidential debates coulter posted on twitter, as 4 of 11 candidates mentioned their support of isreal, the following:
"how many f---ing jews do these people think there are in the united states?"
she is currently on tour at barnes and noble
i for one will cancel my b&n membership card and not purchase another book through b&n if her tour is continued.
here is a chance to vote with our feet as well as our wallets
you may get a bit of a bump in the short term but be careful, this is a dead business longer term...the Nook is a dead product (got killed by the Kindle) and physical book sales continue to decline and will continue to decline as e books from Kindle take more and more share...I see this trading at $5 in a few quarters...cheers!
-28% on a decent quarter was straight out ridiculous today. Most of the selling was done in the last hour of trading. Downside move appears way irrational and I will be buying BKS tomorrow and riding it for an easy 10% pop.
Sentiment: Strong Buy