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Barnes & Noble, Inc. Message Board

  • fejj2666 fejj2666 Jan 30, 2008 3:28 PM Flag

    Charman Buys Even More

    Another 350k shares bought on the open market last Friday, and this past Monday and Tuesday.
    I believe this is in addition to the 260k he bought earlier last week.

    If it is, that means purchases over the last week total 610,000 shares.

    Pretty impressive!

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    • Better research carefully before buying on this chairman's coattails. The last time he made big purchases was in Oct. 2007. The rough average price (not weighted) of his six days of purchases was $38.078/share, according to Yahoo Finance. Even if you adjust for a 15 cent Dec. 2007 dividend, BKS is far below the $38.078/share the chairman paid in October.

      Also, fundamentally, BKS's price/book ratio at last report was 2.09. This is worse than BGP (1.61), BAMM (1.83), and HIST (1.05). It also exceeds the metric used by value investors of the Ben Graham / Warren Buffett school.

      BKS is worth watching, but why buy right now?

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