Posted on 03/28/2011 10:18:21 AM PDT by MeneMeneTekelUpharsin
Wonder why Barnes and Noble (BKS) stock is going up. It sure fell a long ways earlier this year. So, why would it suddenly go up without any news? Man, the stock market is crazy.
Because Borders is dropping like a stone, when your biggest competition closes 10% of their stores people you’ve got something on the ball.
Yep. It's to make people believe the economy is doing great. "Perception is reality."
My Border's is closing out as we speak. And it's located in an extremely affluent suburban county of Chicago.
Leni
Remember a few years ago when Best Buy was the last man standing after competitor major technology and appliance stores likes Circuit City went down.
Same thing with Barnes and Noble. Borders is dead man walking and B&N are doing respectible sales of their electronic book readers.
One of its biggest competitors is heading into bankruptcy, Borders.
They closed one of the two in Tucson. Kind of a weird choice IMHO, they one they left open clearly has the higher rent (in a nice mall rather than a semi-run down strip mall) and more competition nearby (a mile from a B&N, across the street from Best Buy). But it’s not my company, and I’ve grown to like B&N more lately anyway.
Probably just rumors. It is strange, though. The stock dropped like a rock when Borders announced bankruptcy. Now, for apparently no reason, it jumps up. Strange.
insider trading, obviously
not that anyone cares... unless martha stewart buys a few shares
It turns out the Nook will run Android 3.0.
Your response “They finally took “Dreams from my Father” off the shelf?” made me laugh out loud. Thanks!
The kid who went to Heaven and came back (Burpo?) said Jesus had told him to buy the stock!
Simple. Because Borders just went bankrupt.
They are flogging their NOOK electronic book reader pretty hard. It now has a color screen; and the screen is non-glare, just like the KINDLE. Plus, they recently announced that they have a model with Wi-Fi capabilities for emails, net surfing, etc. In fact, I’m kind-of getting the hots for one and will probably request one for my birthday in August.
Because I just started selleng some photo books for the Nook through them!!
The fact Borders bookstores have hit the skids may have something to do with it. More than 200 Borders stores are being closed nationwide.
See my post above.
I was joking about it affecting the stock price but it turns out that the Nook can be rooted, run current Android and turns out to be a pretty good general purpose tablet for the price.
The federal government has decided to buy it. TARP for liberal booksellers.
The stock dropped like a rock after the announcement of the Borders bankruptcy. Why would it wait until NOW to go up? That doesn't make any sense to me.
Basically sales are going up both on the internet and in the stores and they now have 25% share of the ebook market. At the end of last year, the meme was that bookstores were going the way of the dinosaur and although things are not great they look like they are doing what they need to survive.
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