Shares of Barnes & Noble (BKS +1.8%) trade higher after Schottenfield Group sends a letter to...

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

Shares of Barnes & Noble (BKS +1.8%) trade higher after Schottenfield Group sends a letter to the company's board calling for an immediate spinoff of Nook Media into a separate company. "We believe the company's strategy to deploy 100 percent of its cash flow over the past three years into the Nook has been disastrous."