Barnes & Noble: The Titanic Goes On Sale

Barnes & Noble BKS, a slightly younger brother to Blockbuster in the retail industry, has gone up for sale. The book store firm’s stock moved up 30% after hours to $16.10, more evidence that indeed there is a sucker born every minute. There is some proof that Wall St. has not lost its head altogether. Barnes & Noble’s 52-week high is $28.78. The stock traded at $45 less than five years ago. The company will explore “strategic options” which means that the value of Barnes & Noble’s priced peaked some time ago along with its prospects. The board of directors understands Barnes & Noble cannot properly be a public company. It needs to be private which would allow fools who believe in the retail book business to run the firm without damaging shareholders. To read the rest, head over to 247WallStreet.com