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Barnes & Noble, Inc. Message Board

  • meluvyoushorttime meluvyoushorttime Nov 16, 2011 12:34 PM Flag

    More pain for the shorts ahead

    Could this be the worst short in the market?

    -It's a certainty that same-store sales in the bookstores will rise following the total closure of Borders.

    -The Nook Tablet and other Nooks will have their biggest total sales revenue by far this holiday season. (Kindles and Nooks will be the hot gadget this season.) Nooks are being sold through far more large successful retail channels than ever before.

    -The Nook Tablet has one huge advantage over Amazon's Fire: Free tech support at your local B&N bookstore. This alone is worth the extra $50 for the Nook (& the Nook tablet has a better package of hardware).

    -A huge percentage of the float is still short BKS, which should help push the price up with each bit of good incremental news during the holiday season.

    -The clowns on "Fast Money" have regularly ridiculed the company without knowing any details about operational improvements. These guys are a good example of dumb money (They make their glib opinions based on well-known but obsolete news about prior operational problems, superficial impressions upon visiting their local B&N bookstore, and from accepting on faith that all physical stores will soon be eliminated by Amazon.

    I've been following Barnes & Noble for a decade. Their recent management performance seems by far the best in years.

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    • I think the stock did not deserve more than 20% from it's 11.5 price. That's because

      1) the new Nook is not a big leap from the old one 2) the e-reader tablet market is competitive - so nobody will make a killing and 3) People will not jump on buying these things as much because the real cost is in books, not in e-readers. Like the ink jet printers with expensive cartidges, people will be slow to buy even if the cost is next to nothing

      • 2 Replies to indexplus2001
      • I have spend nearly $100 within 4 hours after Nook Tablet purchase:

        1. 4 talking books for my kid
        2 1 regular book for me
        3 3 doctor seuss apps
        4 1 gossip magazine for my wife (and since she will be flying outside of the country we will have to pre download a ton of magazines and books for her (it is lighter and smaller than ipad and u cant use 3g while traveling anyways)

        On top of that $20 on screen protector, $34 on cover and $49 on warranty. Now... BKS took 20-30 preorders per day per store and this is before holiday even started! NOW 1000S OF WALMARTS, targets, staples, officedepots, radioshacks, hhgreggs, sears plus 700 bks stores, books a million stores, bks college stores (600) etc all are selling the tablets! YESTERDAY and today at the store there are LINES of nook buyers, game buyers, gidt buyers, toy buyers ... and have youbeen to bn.com lately? Now u can buy everything from chargers to frying pans to rugs for the holidays.. so...keep shorting, guys, lol.

 
BKS
23.16+0.20(+0.87%)Apr 24 4:00 PMEDT