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BKS

Barnes & Noble Inc

5/18/2013, 1:50 PM ET

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Tuesday, May 14, 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. Comment! [Consumer, On the Move]
Monday, May 13, 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. 7 Comments
Monday, May 13, 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. 3 Comments [Tech, M&A, On the Move, Consumer]
Monday, May 13, 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. 1 Comment [Consumer, On the Move, Tech]
Thursday, May 9, 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. Comment! [Consumer, Tech, On the Move, M&A]
Thursday, May 9, 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%. 2 Comments [On the Move]
Thursday, May 9, 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. Comment! [Consumer, On the Move]
Wednesday, May 8, 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) 4 Comments [Tech, M&A, Consumer]
Friday, May 3, 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. 3 Comments [Tech, Consumer]
Friday, May 3, 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. 7 Comments [Consumer, Tech]
Friday, April 12, 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. Comment! [Tech, Consumer]
Monday, March 25, 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) Comment! [Consumer, Tech]
Sunday, March 24, 10:44 AM Desperate times call for desperate measures. Barnes & Noble (BKS) will make a bold attempt to gain market share by giving away a free e-reader with the purchase of a Nook HD+ tablet. The special limited time offer will be available online and in bookstores from March 24 to March 30. The end game: Though digital content sales rose 13% in Q4 to partially offset falling device sales, Microsoft-backed Nook Media needs explosive growth in the Nook ecosystem to stay relevant. 6 Comments [Consumer, Tech]
Friday, March 22, 1:57 PM Barnes & Noble (BKS -1.1%) is reducing the number of Simon & Schuster (CBS +0.2%) books it carries and promotes, according to the WSJ. The two companies are embroiled in a dispute over financial issues. What to watch: It's a bit of risk for B&N if disgruntled book buyers move online for titles they can't find in stores. Comment! [Consumer]
Wednesday, March 13, 12:58 PM Barnes & Noble (BKS -0.4%) seeks in a federal court in New York a ruling to uphold a previous decision that the company didn't infringe on Alcatel-Lucent patents with its website and e-reader. The company says its use of Microsoft software on its websites and hardware brings a MSFT-ALU licensing agreement into play. Comment! [Consumer, Tech]
Monday, March 11, 10:41 AM Barnes & Noble (BKS +1.3%) breaks higher, fueled by chatter that a M&A adviser has been hired by the company to help it explore strategic options. Comment! [Consumer, On the Move]

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