Barnes & Noble (BKS +4.8%) trades higher after CEO William Lynch issues a positive outlook...

|About: Barnes & Noble Inc (BKS)|By:, SA News Editor

Barnes & Noble (BKS +4.8%) trades higher after CEO William Lynch issues a positive outlook for the company. The exec's counter to the death of its brick and mortar store argument is the retail bookstore chain is gaining market share and growing profits. On Nook products, Lynch notes the strong pre-order demand and tips the company to see a strong holiday season. Is B&N undervalued? Lynch points to EBITDA growth and highlights the pending Microsoft deal as a value proposition. (Bloomberg interview)