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Non-Tech : Barnes & Noble (BKS) -- Ignore unavailable to you. Want to Upgrade?

To: Lane Hall-Witt who wrote (517)	3/19/1999 3:17:00 PM
From: Ahmad Sinno	Read Replies (1) \| Respond to of 1691

Lane, Very interesting analysis. As I was reading your analysis, I was thinking that volume is probably 3-4 X daily average. However, it appears that volume is running just above average, maybe 2x by end of day, which is not huge for this stock. How do you explain that ? I have a very shallow understanding of the BKS IPO. It seems to me, and based on stock action yesterday I am probably wrong, that the only new piece of information is the size of the IPO, $200 million. What am I missing ? Is there a date for the IPO ? and have the papers been filed ? I think the bottom line is that when we didn't get a follow through on yesterday's impressive move some of the momentum players got out. IMHO Ahmad

To: Lane Hall-Witt who wrote (517)	3/21/1999 12:16:00 AM
From: Duane L. Olson	Read Replies (1) \| Respond to of 1691

L-- If I read the Yahoo research correctly, BKS is looking at earnings of $1.54/share next year. biz.yahoo.com And, as I understand it, the IPO will likely add $10/share. OK, so perhaps a 25 PE on the basic company-- $38.50, plus the $10 for the IPO gives a prospective value of about $48.50. Followon earnings growth of the basic (non-internet) company earnings is expected to be 22% compounded for the following 5 years, or $4.16/share in earnings, and something over $100/share value for the basic company. Now if someone can come up with a projected share value for BNBN to add to that, we can assign some solid, projected values. Technically: biz.yahoo.com Nice that BKS has broken above the downtrend line, but it would be even better if the momentum and MACD would go positive. Looking like a slow breakout, but still on track, IMHO... Would you agree? dlo