I just talked to investor relations at
BKS and here is the skinny on the IPO as it related
to current B&N shareholders:
WE DON'T GET SQUAT,
as far as IPO shares are concerned, not even an
opportunity to get in at the IPO price. BKS.com is being
created as a separate entity wherby B&N and Betlessman
are selling a stake in the online operation which
they currently own jointly. The only benefit to
current B&N shreholders will be any implied value in the
stock price from having a 40-45% ownership of BKS.com
(which is the money losing division of B&N as we all
know). When i asked firther as to how will losses or at
some point profits from BKS.com affect B&N bottom line
in the future, I was told that this has not been
exactly worked out yet. The bottom line is that any price
appreciation in the stock of B&N as a result of the IPO will
be an implied one based on how Wall Street and
individual investors value the 45% stake in theonline
operation once it is spun off. As a current shareholder I
am wondering whether to take my money and run, in
light of this news. Shareholders,let me know your
In the past I might have said you were crazy, but
with current internet frenzy you just might be right.
We have internet companies with almost no sales, yet
thier market caps. are in the $billions.
$100.00, lets just hope and pray.
It's called a "short squeeze" and they'll rule
all the way to my bank. By the way, who is your
"source"? Probably been talking to Jerry Garcia while
you're on acid again. (Sorry Jerry, you know I'll always
Cover while you can loser, 100 here
we come, it's been worth the wait.
I still haven't seen anyone else comment on how
positive the Barron's article will be for BKS
shareholders. This may confirm that the company spinning off
another should be valued higher. This would be a great
investment mood switch and help catapult BKS way past it's
52 week high.
I scanned the board and didn't see anyone mention
the Barron's article yet. I consider this to be very
big news, but haven't seen anyone commment on it yet.
I'll give my feedback.
Barron's had an article
this morning on all the companies that are vastly
undervalued because they hold large stakes in other
companies. They gave the obvious recent example, Ziff Davis
(ZD), but mentioned many more companies like American
This is very big news for BKS shareholders. The
sentiment might be changing that the holding companies
should be valued much higher. The entire investment
community reads Barrons as though it were their Bible.
PERFECT TIMING!!!! The next obvious example is Barnes and
Noble's huge stake in barnesandnoble.com
won out for us!!!! I'm holding on tight to my
You write in hysterical capitals,talk total BS
rubbish about"credible sources"--your are one of the just
so typical amateur idiots that scum up the Yahoo
boards---you will be buried,and I could careless.Max90
You don't name your source, so your post is
worthless. They will IPO this sooner or later what's the
Look at the volume increasing on Wed,
Thur & Fri with the gap up Friday. The market is
voting for BKS to go up so what you think doesn't
This link came from the Shoney's board where a
couple of posters have made similar outlandish and
damaging statements. They may soon get a chance to reveal
their "credible source" in court.