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

To: mojave who wrote (1028)	5/9/1999 10:45:00 PM
From: SwampDogg	Respond to of 1691

"...i don't see any reason for BKS shareholders to benefit.." #1) What happened with WAVC, PWCC and others before spin-offs? #2) If BNBN IPO is successful it will increase the NAV of BKS substantially will it not?

To: mojave who wrote (1028)	5/9/1999 10:46:00 PM
From: American Spirit	Read Replies (1) \| Respond to 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.