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Barnes & Noble, Inc. Message Board

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  • popnfresh100 popnfresh100 Dec 3, 2010 2:04 PM Flag

    Decline?

    Also contributing to the downside sentiment

    1. The company overpayed for the College booksellers acquisition.

    2. The e-book market has no transparency whatsoever.

    The first point is really a one-time loss, and the impact should diminish over time.

    The second point should be clarified in the next year or so when e-books become more than 10% of BKS revenue and we start getting to see actual sales numbers. Although I sincerely doubt that e-books will ever become more than 10% of Amazon/ Apple/ Google revenues, so investors do have to contend with boogeyman competitors.

 
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