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Barnes & Noble Inc (BKS)

  • 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
  • May 13, 2013, 1:33 PM
    Barnes & Noble (BKS -9.9%) spikes lower after Insider Monkey reports that a source inside Microsoft indicates nothing is imminent from the company on a plan to buy Nook Media.
    | May 13, 2013, 1:33 PM | 1 Comment
  • May 9, 2013, 9:30 AM
    Investors are racing ahead of analysts over a potential deal by Microsoft to buy Barnes & Noble's (BKS) Nook Media digital assets outright. Stifel Nicolaus analyst David Schick warns it's not clear if B&N's board has even seen the offer and what the full impact will be for the remaining trimmed-down company. No bother, BKS +27.7% premarket anyway.
    | May 9, 2013, 9:30 AM | Comment!
  • May 9, 2013, 9:10 AM
    Premarket gainers: BKS +29%. TSLA +24%. CTRP +17%. GMCR +15%. GRPN +15%. XOMA +12%. TC +12%. OWW +7%. AFFY +7%. WAC +7%.
    Losers: LPSN -22%. RAX -21%. PZZI -17%. GV -11%. MNST -10%. SSNC -7%. HEK -7%.
    | May 9, 2013, 9:10 AM | 2 Comments
  • May 9, 2013, 7:29 AM
    Investors of Barnes & Noble (BKS) caught the break they were looking for when Microsoft reportedly offered $1B to buy Nook Media's e-reader, tablet, and e-book operations. Shares of B&N are up 25.2% premarket to $22.25.
    | May 9, 2013, 7:29 AM | Comment!
  • May 8, 2013, 10:52 PM
    Microsoft (MSFT) is offering $1B for Nook Media's (BKS) e-reader, tablet, and e-book ops (but not its college bookstore arm), TechCrunch reports. If true, the valuation assigned to NM is well below the $1.7B given when Microsoft bought a 17.6% stake (diluted to 16.8% by Pearson's investment) in April '12. Documents indicate NM (exc. the college ops) is expected to post FY13 (ended in April) revenue of $1.09B (-10% Y/Y) and an EBITDA loss of $360M, plans to discontinue its tablet line (makes sense, given market share trends), and will focus on content sales. Is such a business worth $1B? Regardless, Barnes & Noble ($1.06B market cap) should see a pop on the report. (FY13 warning) (FQ3 results)
    | May 8, 2013, 10:52 PM | 4 Comments
  • May 3, 2013, 8:49 AM
    Barnes & Noble (BKS) gains 1.2% in premarket trading after it opens up Nook products to Google Play and in the process exponentially increases the number of apps available to users. The company is already pushing the development hard on its website as a selling feature. The combination of a friendly relationship with Google on top of the $300M Microsoft plowed into Nook Media gives B&N some nice friends to have as it looks to potentially re-invent itself in the future.
    | May 3, 2013, 8:49 AM | 3 Comments
  • May 3, 2013, 7:22 AM
    Barnes & Noble (BKS) announces Google Play is available for Nook HD products. Though the move is a further capitulation by B&N from offering up a closed eco-system, it also increases the number of apps available to consumers to 750K from 10K to make the Nook more attractive. Barnes & Noble is also cozying up to Google on the browser front with Chrome set to replace the existing default browser.
    | May 3, 2013, 7:22 AM | 7 Comments
  • Apr. 12, 2013, 1:21 PM
    E-books sales are still growing, but not at the manic rate they once did, reports trade association AAP. After growing to account for 17% of U.S. book publisher sales in 2011 from a mere 3% in 2009, e-books made up 22.6% of 2012 sales. Altogether, U.S. trade book sales are believed to have grown 6.2% in 2012 to $7.1B, evidence the e-book transition has done more good than harm for the publishing industry (PSO, MHP, SCHL). Amazon (AMZN), with its huge share of e-book sales, can't complain, but Barnes & Noble (BKS) is arguably in a tougher spot.
    | Apr. 12, 2013, 1:21 PM | Comment!
  • Mar. 25, 2013, 8:51 AM
    Barnes & Noble (BKS) announces in-app purchasing will soon be a feature for Nook customers. The development has the potential to raise revenue for Nook Media if apps can reach a critical mass with consumers and gamers at which point they will pay for premium content and virtual goods. (Previous: B&N pulling out all the stops)
    | Mar. 25, 2013, 8:51 AM | Comment!
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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.