Barnes & Noble (BKS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Barnes & Noble (BKS)

BKS 6.490

0.0%

Aug 19 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: American Spirit who wrote (993)	5/6/1999 3:10:00 PM
From: Lane Hall-Witt	Read Replies (1) of 1691

Today . . . (1) Greenspan spooked the market and drove bond yields through the roof; (2) The Internet sector has gotten slammed; (3) The retail sector has gotten slammed; . . . and BKS is still up nearly 2 percent. Sure, we all would like to have seen a big pop on the news. But let's be real: this was the worst of all possible days to release blockbuster news like this. It hardly matters. We've all become masters of delayed gratification, and BKS will ultimately have its day. This IPO is shaping up to be huge. They've already upped the offering from $100 million to $200 million and now to $300 million. It's all but a certainty that the offer price will increase -- I'd imagine to $15-17 per share ($400 million). If BNBN trades at 42, then the 41 percent of BNBN that BKS owns will be worth the entire current market cap of BKS ($2.4 billion). Let me reiterate this: BNBN at 42 values the BKS portion of BNBN at $2.4 billion, meaning that we'd essentially have the bricks-and-mortar business for free. The numbers are on our side--.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next