I'll keep this short and sweet...Google "Penny Stock 101 org' signup for their free newsletter and get their next trade alert. Come back and thank me tomorrow!
After that, there are other lows to be taken out at 8.36, 8.08 and 7.17. After the stock takes out its 5 year low of 5.43 there will be some capitulation selling. Institutions will dump under 5.
Drive by ANY school bus stop in the morning,,more than HALF the kids have devices with headphones on. This kids will not know how to communicate in the real world in the future.
...never mind knowing how to change a tire..
Sentiment: Strong Buy
It doesn't matter what you believe. The fact is that they have 192 million in debt. Read the doc:
October 31, 2015
November 1, 2014
Cash and cash equivalents
Prepaid expenses and other current assets
Short-term deferred taxes
Current assets of discontinued operations
Total current assets
Property and equipment:
Land and land improvements
Buildings and leasehold improvements
Fixtures and equipment
Less accumulated depreciation and amortization
Net property and equipment
Intangible assets, net
Other noncurrent assets
Noncurrent assets of discontinued operations
LIABILITIES AND SHAREHOLDERS' EQUITY
Gift card liabilities
Current liabilities of discontinued operations
Total current liabilities
Other long-term liabilities
Noncurrent liabilities of discontinued operations
Redeemable Preferred Shares
Look at all the pollution these electronic devices cause. Then the kids want a new device every 2 years.
I don't believe they use to have any long-term debt. They now have $1.2 billion in inventory. Next quarter is the big quarter.
Barnes & Noble expects to close 10 stores in fiscal 2016. Barnes & Noble, currently, operates 647 stores nationwide.
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Barnes and Noble is the horrible phone service. You CANNOT call up and order 8 books..pay in advance...and then pick them up in a week or so. And you ask a bookseller why..''they don't have an answer.
Also..when I call to order 3 or 4 books from the Sunday Globe after reading the reviews...I sure as hell do not need to hear a 3 minute sales pitch for a the Nook.
The Nook sucks...and it is killing this stock, and keeping b & N from $$$$
Sentiment: Strong Buy
you watch and see