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Non-Tech : Barnes & Noble (BKS)
BKS 6.4900.0%Aug 19 5:00 PM EST
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To: mojave who wrote (1028)5/9/1999 10:46:00 PM
From: American Spirit  Read Replies (1) of 1691
 
IPO's don't work that way. They're spinning off a new company which they and BMG own 80%+ percent of. At release cost they get $300,000,000 invested into their internet operations. But expect BNBN to go MUCH higher and bring in more than a billion. Some have predicted it will bring in more than two billion. BKS receives 40%+ as an almost direct investment into their company. They currently have a market cap of 2.5 billion. Not only will the IPO pay for all forward-going internet-related expenses (huge) but will put them in a position to challenge Amazon which is sinking like a stone. I see BKS appreciating 25-40% from here minimum then having a solid future. Even 25% tacks 9 points onto the stock from here. And it may happen this week. Wait and see, but quit complaining. If you own BKS now you've got easy money coming your way so long as you sell at a profit. If you don't own it you should consider it IMHO.
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