Why Barnes & Noble Is Probably Worth $0

barnes & Noble nook

Barnes & Noble (NYSE: BKS), a slightly younger brother to Blockbuster in the retail industry, has gone up for sale. The book store firm’s stock moved up 30% after hours to $16.10, more evidence that indeed there is a sucker born every minute. There is some proof that Wall St. has not lost its head altogether. Barnes & Noble’s 52-week high is $28.78. The stock traded at $45 less than five years ago.

The company will explore “strategic options” which means that the value of Barnes & Noble’s priced peaked some time ago along with its prospects. The board of directors understands Barnes & Noble cannot properly be a public company.

Read the whole post at 24/7 Wall Street >

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