Why Barnes & Noble Is Poised to Keep Plunging
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, book retailer Barnes & Noble has received the dreaded one-star ranking.
With that in mind, let's take a closer look at Barnes & Noble and see what CAPS investors are saying about the stock right now.
Barnes & Noblefacts
New York, N.Y. (1986)
Founder/Chairman Leonard Riggio
President/CEO Michael Huseby
Return on Equity (average, past 3 years)
$80.1 million/$7.5 million
Sources: S&P Capital IQ and Motley Fool CAPS.
I shorted BKS earlier in the year but didn't have the courage to stick it out when the buyout rumors took the price up. Now, however, it looks like the fat lady is singing (in the CD section) and even the Nook can't save this venerable bookstore. I'll miss the place, but paying the rent for their really big stores has just become onerous and their online offerings don't keep pace with Amazon. I love the smell of a bookstore, but this business stinks.
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The article Why Barnes & Noble Is Poised to Keep Plunging originally appeared on Fool.com.Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Amazon.com and Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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