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Barnes & Noble Inc (BKS)

  • Jun. 20, 2013, 11:35 AM
    Shares of Barnes & Noble (BKS -1.1%) dip to their lowest level in a month with the company's FQ4 earnings report looming larger. Barclays isn't expecting a turnaround, forecasting B&N's comparable store sales at retail outlets lost ~10% during the quarter and weak Nook sales. Investors waiting for the Microsoft Hail Mary may have to ride out a few more bumps.
    | Jun. 20, 2013, 11:35 AM | Comment!
  • Jun. 17, 2013, 9:08 AM
    Barnes & Noble (BKS) says it will keep its lowered level of pricing on Nook products in place after last week it introduced a Fathers Day promotion. The Nook HD+ is listed at $149 for the 16GB device and $179 for the 32GB version.
    | Jun. 17, 2013, 9:08 AM | Comment!
  • Jun. 14, 2013, 10:52 AM
    Barnes & Noble (BKS +1.9%) trades higher as shares keep up their bouncy ways. Though this week the focus has been on the on-again, off-again rumored dalliance of Microsoft with Nook Media, Jim Cramer reminds investors that on the retail bookstore side B&N is the only game in town. To many, the sum of the parts still looks to be worth more than the whole if BKS trades below $20.
    | Jun. 14, 2013, 10:52 AM | Comment!
  • Jun. 13, 2013, 2:37 PM
    Apple (AAPL +0.4%) roundup: 1) Suppliers are shipping a "large number" of parts for a cheaper iPhone, says Taiwan's Commercial Times. A 28nm app processor made by TSMC (TSM) is said to be among them. 2) iBookstore chief Keith Moerer says Apple's e-book sales doubled last year, and thinks its e-book share is at ~20%. John Paczkowski notes Amazon (AMZN) and Barnes & Noble (BKS) have been assigned shares of 65% and 25% in the past. 3) The minimum purchase needed for an iAd campaign is now only $50. It once stood at $1M. 4) Reuters' report about Apple mulling a $99 price for its low-cost iPhone is raising eyebrows, given the cheapest iPhone now goes for $450 unsubsidized. Was a subsidized price being discussed?
    | Jun. 13, 2013, 2:37 PM | 15 Comments
  • Jun. 13, 2013, 10:10 AM
    Shares of Barnes & Noble (BKS -4.4%) continue to trek lower off of a report that Microsoft isn't interested in Nook Media's digital assets after all. Speculation has gone back and forth on what Microsoft plans to do with B&N, but it's been over a year since the company invested $300M in Nook Media without anything panning out yet.
    | Jun. 13, 2013, 10:10 AM | Comment!
  • Jun. 12, 2013, 4:16 PM
    Microsoft (MSFT) isn't interested in Nook Media's (BKS -6.1%) digital assets, sources tell dealReporter. The report led Barnes & Noble shares to dive over the final 15 minutes of trading. TechCrunch reported of Microsoft's interest in Nook Media last month, but a source later told Insider Monkey Microsoft "has no intention" of making a deal.
    | Jun. 12, 2013, 4:16 PM | Comment!
  • Jun. 10, 2013, 9:05 AM
    Barnes & Noble (BKS) announces a major reduction in prices for its Nook products just in front of Father's Day weekend. The NOOK HD is available for $129 (8GB) and $149 (16GB) while the NOOK HD+ is dropped  to $149 (16GB) and $179 (32GB) in the one week promotion.
    | Jun. 10, 2013, 9:05 AM | 1 Comment
  • Jun. 7, 2013, 4:36 PM
    Maxim's John Tinker thinks shares of Barnes & Noble (BKS) are cheap (does that still apply after today's rally?), but says he wouldn't be surprised "if the quarterly numbers are worse than expected" given the likelihood that Chairman Leonard Riggio will "be looking to pay as little as possible" for the retail division. Tinker notes that the retailer trades at a historically low EV/EBITDA ratio.
    | Jun. 7, 2013, 4:36 PM | 1 Comment
  • Jun. 7, 2013, 12:04 PM
    Shares of Barnes & Noble (BKS +4.6%) spike higher after the company announces it will release FQ4 earnings on June 25. According to some traders, the move is largely technical based on the earnings date in relation to options expirations. As for the actual BKS numbers, analysts see revenue of $1.33B and a $0.96 per share loss for the quarter.
    | Jun. 7, 2013, 12:04 PM | Comment!
  • Jun. 4, 2013, 10:25 AM
    The enemy of my enemy is my friend redux: Execs with Barnes & Noble (BKS +0.5%) will testify this week in a NYC courtroom on the behalf of Apple in the e-book collusion case against the company and publishers filed by the DOJ. B&N's Teresa Horner is expected to say Apple was simply responding to market forces when setting terms with publishers.
    | Jun. 4, 2013, 10:25 AM | Comment!
  • May 31, 2013, 12:10 PM
    Barnes & Noble (BKS +3.1%) reports FQ4 earnings in a few weeks which could shift the focus away from a possible deal with Microsoft to back on the company's slumping revenue and profit numbers. Suzanne Mcgee of The Fiscal Times seems to think a little profit-taking on BKS might be in order with shares up 51% YTD and an EPS miss a risk.
    | May 31, 2013, 12:10 PM | Comment!
  • May 28, 2013, 6:17 PM
    After-hours top gainers, as of 5:45 p.m.: GWRE +5.7%. WLH +4.7%. WTSL +4.2%. IVC +4.1%. MYGN +3.8%.
    After-hours top losers: PRXI -5.2%. BKS -4.6%. PXP -4.2%. IRC -3.4%. AEC -2.5%.
    | May 28, 2013, 6:17 PM | Comment!
  • May 20, 2013, 8:54 AM
    Barnes & Noble (BKS) is up 3.8% premarket after a weekend Barron's article pitches that the stock is an undervalued sum-of-the-parts story set to pop. Admittedly, the Microsoft-buying-Nook factor is a huge wildcard with B&N, but the valuation on the company's bookstore business looks appealing at current levels despite what happens with Nook Media.
    | May 20, 2013, 8:54 AM | 1 Comment
  • May 14, 2013, 8:45 AM
    Barnes & Noble (BKS) falls 4.6% premarket as traders try to sort out what kind of premium to place on shares for the potential of an eventual buyout by Microsoft of Nook Media. With dueling sources saying different things on the likelihood of a deal, BKS trades near the mid-point of its post-rumor rally.
    | May 14, 2013, 8:45 AM | Comment!
  • May 13, 2013, 3:59 PM
    The rest of the top 25 heavily shorted S&P 1500 stocks: ESI, GTAT, DGIT, LQDT, WRLD, JCP, GME, FRAN, SVU, ONE, AKS, CRR, EBIX, DDD, SPF, DMND, DECK, BKS, COCO, X.
    | May 13, 2013, 3:59 PM | 7 Comments
  • May 13, 2013, 1:52 PM
    "This deal was nothing more than a rumor ... [Microsoft] has no intention of acquiring the NOOK unit. NOOK is closely integrated with Android ... The acquisition is not happening in the foreseeable future as Microsoft Corporation is assessing its options at this time." Thus speaks a Microsoft (MSFT) source to Insider Monkey, strongly refuting a TechCrunch report about an offer to buy Nook Media's digital assets for $1B. Barnes & Noble (BKS -14.1%) shares have plunged, but for now are still up 13% from where they stood prior to the report.
    | May 13, 2013, 1:52 PM | 3 Comments
Company Description
Barnes & Noble Inc is a booksellers and a content, commerce and technology company providing customers access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform.