Keep an eye on shares of BKS, which look like they want to go higher. Shares have been trading in a narrow range the past few days after rising strongly off its 25-and 50 day moving averages.
Drop in market cap of $200 million today has
offset entire acquisition cost of company. Did nearly
everyone forget the company being bought makes money and
is viewed by the market as a "value" based on EPS?
BKS price will return in a few days to where it
should be once the hysterical name-calling has lost all
Come on the market keeps over reacting. You guys
are right Riggio is such a great manager whose
primary concern is his shareholder's.
market says it hates Mall stores- what does Riggio give
his shareholder's? Mall stores. When his stock is
dropping like a brick what does Rigiio do?
When it is going up he decides to blow away all the
momentum with his corrupt acquisitions. When will you guys
realise that while the market overreacts this deal sucks-
what is the benefit to us? As someone astutely pointed
out our money has just been transferred directly to
Riggio's bank account with this 12.25% decline in the
I want to bring this guy to answer for his appaling
but I'm not known for my market savvy. Here's a
quote from the Motley Fool:
Barnes & Noble chairman and chief executive, is also
chairman of Babbage's. As a result, Barnes & Noble hired a
committee of independent advisors to evaluate the
Now, presumably this was before the deal
I dunno, they won't be merging the
B & N with the Babbages here. One's in the mall and
one across the street from the mall. B & N has
software, too. So, do we move all those noisy games to the
mall and make more room for the quiet, coffee sipping,
("Oh, I never go to that trashy, plastic Mall.")
It would make even more outlets where you pick up
your e-purchases. They can deliver to their own
locations at zip incremental cost. Go to to your local
Brick and Mortar to take delivery (at a desk in the
back so you have to pass all those racks of tomes, or
CD's, take your pick).
I'll stick with my target