BN's sales of NY Best Sellers only accounts for
approx. 3% of Sales, therefore, I'd like to think this "
war " will not have too large of a negative impact on
margins. Earnings should be " decent " because I can't see
for the life of me why BN would IPO after a " worse
than expected " earnings scenario. As afr those who
doubt the added value of the spinoff, I can only say
that according to my calculations, the added value to
BKS will be about $ 10 for each $ 12 worth of BNBN.
In other words, I believe, assuming a value of BNBN
of, say, $ 48 per share, it should reflect added
value to BKS of $ 40 approx. Accordingly, if NO IPO
hype has been built in at this point, the BKS value
should be $ 73 approx.
I also wish to repeat the
comments of some: Anyone who want to sell at $33, please
let me know...I'll take them off your hands...
I agree that there is no chance at a price war
for amzn, but they have to have some news to share to
protect their incredibly inflated price, especially since
they continue to use thir stock "value" to purchase
more portals on the web.
Will they stand by and see
their "value" drop off in the face of the BNBN IPO?
Will Wall Street stand for it? Is anyone else
concerned with al this "value leverage" as companies makle
offers based on inflated and unsupportable stock
Oh, what the hell....
Race to 60! Who will win
BKS or AMZN?
however, think there is definitely something
going on behind the scenes. Does it make sense to you
that BKS has not yet headed North in this market? This
one should begin tracking similar to AMZN. Not in
terms of the lofty valuation but, begin showing signs