Split Coming Soon
Barnes & Noble (NYSE:BKS) has decided to split into two seperate companies. They are spinning off their Nook and College segments into one company. The other company will consist of their brick and mortar Retail segment and bn.com. Management believes the split will unlock shareholder value. Yet, Barnes & Noble is facing significant problems in every operating segment.
The Nook Problem
The Nook division has been bleeding money for years. Nook has produced an operating loss over $1.2 billion in the last 4 years.
Barnes & Noble has one of the largest eBook libraries. Yet, they are having...
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