BKS and BNBN have the money, I estimate $2.5 Billion to knock off Amazon. BKS (Barnes and Nobel brick and mortars) and BNBN (Barnes and Noble "dot-com" .com) have to work out the logistics of supply and returns between each other that are "free" (kostenlos) to the customer consumer, other than that they will out perform prorata per share against Amazon AMZN by the fourht Quarter Q4, its going to be a great Christmas shopping exravaganza for both BKS and BNBN I predict.
you wrote:
"..Consolidated net earnings for the quarter were $23.5 million, or $0.33 per share, as compared with a consolidated net loss of ($5.7) million or ($0.08) per share for the same period last year. Earnings before taxes from the company's retail business excluding non-recurring items increased 16.1 percent to $15.5 million or $0.13 per share after tax. Consolidated net earnings for the quarter consisted of net earnings of $0.13 per share from the retail business, a loss of ($0.05) per share from the company's 40 percent investment in barnesandnoble.com, and a net non-recurring gain of $0.25 per share"
Amazon does not have Germany's Bertlesmann empire bhind it as does Barnes and Noble. And as Amazon plays catch up over the next three years of "SELF PROJECTED" losses, it will become vulnerable to a takeover attempt, probably by Barnes and Noble, is my guess. Then we will own the whole store, the e-store that is.
I am,
Truly yours,
-Crystal ball |
