most valued assets, that being the .com company with
no real return to the investors. Many like myself
got in just because of the potential value of
bks.com.. (Now bnbn) Management was aware that the merger
wasn't going to happen and the insiders (Riggio) got
out. We all knew this was happening, but didn't follow
a basic investing priciple, watch what the insiders
are doing. I was a fool for investing, but as they
say live and learn. I'll be getting out on the next
small move up, if ever there is one. It's a shame when
management treats their shares like shit, but I would have
done the same thing myself. Sorry for the profanity,
but this really sucks!!!!!!!!
I too gave up today. Sorry, but so many
attractive issues with a proven track record are available
for low numbers. I took the loss and feel it will be
made up shortly in a more robust, well-managed
company. Thanks for all the interesting posts and good
luck to all.
This puppy don't hunt AND it has fleas!!! I've
been holding 500 shares since last December...what a
wipeout! I will never again purchase one penny's worth of
merchandise from these incompetent basterds! Good luck to all
but it is on valuation only, meaning SSB does not
think Internet Stocks will rise to lofty values again?
Also, this weeks Computerworld tells the story of LL
Bean building Brick & Mortar stores...similar to BKS
for current BKS price dip. BKS will rise anyway,
but that's one thing the management can do now to
speed it up.
They should buy back the amount of
shares they sold.
They should announce that BKS will
use some of the proceeds from IPO and Bertelsman to
buy back BKS shares at market price anytime soon.
then the market closed. I am so sad to see BKS
closed lower again, and really hope to see it bounce. If
all things remain the same, BKS should have bottomed
since looking at 1 year or 5 year graph of BKS clearly
tells us that we are not at the low. I definately
believe it is time to climb back up. Institutions would
think the same way, too.
crashed right after you asked if I was going long
Actually sold 20 of my remaining 30 June
puts today. I'm really geting convinced by reading
these last posts (among other things) that a short term
bottom may be in.
also reduced their 12 month price target from $48
Not exactly a ringing endorsement
(but to be fair they said that BKS is undervalued
compared to BGP- but who really cares as there are a bunch
of stocks that look so much better over the next
month or so than a couple of book retailers).