% | $
Quotes you view appear here for quick access.

Barnes & Noble, Inc. Message Board

  • how_bout_we_talk how_bout_we_talk May 9, 2013 11:05 AM Flag

    never understood the short story

    the core bookstores and the college bookstores are worth $20, so any value at all for the digital assets are incremental to that. the complex structure makes it worth a discount from full value, but now it's time for the bidders to appear. Pearson, Malone??

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yea, because stock price is the same thing as market cap.


    • core bookstore business is worth ZERO as it is a dead, declining business that will soon be irrelevant. NOOK will also be dead as it cannot compete against Kindle and Apple tablets. Effectively, the short story is very clear here. Practice may be showing something different. MSFT in a desperate attempt to find growth avenues may buy a dying NOOK business that is losing money and dropping revenue for an absurd valuation.

      • 1 Reply to skiselev81
      • core bookstore is worth zero?? this is a real flaw in your analysis... the core bookstore business is doing $350 million in EBITDA, and throwing off $200 million in free cash flow... the college bookstore business is doing $180 mil in EBITDA..... both are stable, as companies are learning that bricks and clicks is the best strategy..... and both MSFT and Pearson have made investments in Nook valuing it at $1.8 billion.... ok, maybe it's worth half that now, but it's not zero.... and what of Malone?? he's a 17% owner too....... your broad brush poor analysis has gotten you what you deserve.........losses.....

11.95+0.19(+1.62%)Oct 2 4:04 PMEDT