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 (1049)	5/10/1999 2:59:00 PM
From: Glenn Petersen	Read Replies (2) of 1691

Actually, I work for myself. I obviously think that BNBN is not going to trade at $12 as my initial analysis assumed that the price will triple. I also think that the initial pricing will be adjusted upward, perhaps as high as $18. If BNBN trades at $36, its market cap will be equal to 23% of the market cap of AMZN. Is that justified when BNBN's sales are only equal to 11% of AMZN's? I don't know. A high market cap for AMZN is a good thing for BNBN, because people do make that comparison. I don't think that we are in any real disagreement of the pre-IPO target. You say $45, I say $40-45. I hope that your estimate is closer, I'll make more money. I do hate to see people have unrealistic expectations. This has not been your normal back door play. There has not been a lot of volatility on the upside in this issue yet and conversely it will probably not sell off as much as the other back door plays. Regards.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next