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Barnes & Noble, Inc. Message Board

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  • joelatti joelatti Nov 17, 2009 10:59 AM Flag

    Good Luck with BURKLE!!! Look up SORC...

    Well I can tell you ONE FACT: I am a College Bookstore Owner for OVER 30 Years. And Mr. Riggio just orchestrated one of teh great thefts. He sold you BKS holders the college division, which is DEAD, and he sold it to his shareholders at a PREMIUM!! When you control the board I guess thats how it goes.....Remember this post when the college division is bleeding this company dry.

    AND Yes AMAZON is killing BKS with its Kindle and they are soooo far in front.

    I wouldn't own BKS with YOUR Money. I think the low of 16 holds till March and then is taken out......Watch this Q's numbers NOT good

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    • I think the B & N College Booksellers purchase was a great deal. Adds $1.8 billion in sales to their roughly $5 billion. Almost a 40% increase in revenue and the market has simply not priced that into the share price.

      Fact is, they only paid $514 million for it (5 times EBITDA). That simply cannot be considered anywhere near a premium price.

      If you're looking for premium pricing and ridulous valuation you need to look at Amazon's balance sheet. I'm not sure, but I think AMZN longs are pricing shares with the expectation that AMZN will be in control of 90 to 100 percent of the world's wealth at some point between 2017 and 2022.

      Regardless, you obviously shorted BKS. Here's some fun facts:

      1) Over 30% of the float is owned by insiders who are buying, not selling.
      2) $30 calls for next year have almost doubled in price in the last week.
      2) Over 40% of the float is shorted by people like you.

      With those three facts in mind... What do you think will happen this Tuesday if BNS reports earnings that once again beat expectations?

      Could EASILY happen. Don't forget that the "fall rush" was B & N College Booksellers biggest and most profitable quarter every year.... You being a college bookstore owner, I'm sure you're aware of what the "fall rush" is. Now all that revenue and profit goes to BKS for the first time this quarter and we'll see the results Tuesday....

      Frankly, I wouldn't be able to sleep if I had BKS shorted. I'd be too busy praying or getting ready to cover my shorts like all the other guys that have over 40% of the float shorted before I loose my house.

      Don't worry too much. A lot of us longs will be willing to sell you shorts some of our BKS shares.... Once they get north of $30.

      MWWWWAHAHAHA!!!

      Admit it, you're scared.

    • " I am a College Bookstore Owner for OVER 30 Years. And Mr. Riggio just orchestrated one of teh great thefts. He sold you BKS holders the college division, which is DEAD,"

      In other words, you are a LOSER? Thanks for the insight.

 
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