An interesting story today by Tiernan Ray "Barnes & Noble Now Buyout Target, Says Maxim" says,
Shares of Barnes & Noble (BKS) closed down $2.31, or 17%, at $11.24 after the company this morning said it is pursuing strategic operations for its Nook electronic book reader and tablet business, based upon the “rapid growth” of the business.
Barnes also cut its full-year revenue view for the fiscal year ending in April to $7 billion to $7.2 billion, from a prior $7.4 billion. Analysts have been modeling $7.3 billion.
That prospect could make Barnes an acquisition target, wrote Maxim Group’s John Tinker in a report to clients this afternoon.
Tinker, who maintains a Buy rating on Barnes shares and a $20 price target ...
BKS usually releases its earning around a month after its quarter ends. The 3rd quarter will end on January 31, so the earning release will be around end of February. I'm wondering how the chaos it creates with Tablet owners, publicity-wide and financial-wide, will assist its stock price? I might long some PUTS now.
Just curious what happened to the Kobo owners after Borders went bankrupt?