Seeking Alpha

Barnes & Noble rallies as investors take another look

  • Shares of Barnes & Noble (BKS +6.7%) take off as a couple of analysts back the company to come out the other side of a SEC probe over accounting in decent shape.
  • The somewhat twisted logic is that the company's retail bookstore business may be in even better shape than realized if it's been bearing more Nook-related costs than it should have been.
Comments (1)
  • Peter Larson
    , contributor
    Comments (640) | Send Message
     
    The logic is not twisted logic at all.

     

    Len Riggio wanted to buy back his own company, but he couldn't afford it unless the stock price came down.

     

    So the financials contain imaginary losses.

     

    I've been saying this for a while now.
    9 Dec 2013, 12:12 PM Reply Like
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