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 BarnesandNoble.com (BNBN) (Page 5)
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| Author | Topic: BarnesandNoble.com (BNBN) |
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InvestorGuide Weekly Administrator |
posted 06-06-1999 01:14 PM
 
Barnes & Noble abandoned its plans to buy book wholesaler Ingram due to opposition from US antitrust regulators and publishing industry organizations. http://www.wired.com/news/news/business/story/19988.html |
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Scott McCormick |
posted 06-04-1999 04:14 PM
The current issue of Fortune has a comprehensive article about B&N's CEO: http://www.pathfinder.com/fortune/1999/06/21/bar.html |
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trendy |
posted 06-04-1999 08:49 AM
It's so hard to predict these things. It could double or it could get cut in half in a few days. In the big picture, with BarnesandNoble.com's market cap being higher than Barnes and Noble's, it still seems very expensive to me. |
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bern26 |
posted 06-02-1999 09:59 PM
BNBN, I bought 100 shares at the IPO and I am determined to hold them for at least 60 days. The company that offered them expects me to do so to continue receiving offers for other IPO's. With the lack of confidence in internet stocks right now I am glad to oblige them. In 60 days any predictions where BNBN will be. I could speculate for the next 60 days easy. |
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optimist |
posted 06-02-1999 12:02 PM
BNBN has fallen all the way back to its initial offering price of 18. Not that it's any great bargain now, though... |
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InvestorGuide Weekly Administrator |
posted 06-01-1999 08:50 AM
Article about the IPO: http://www.redherring.com/insider/1999/0526/inv-barnes.html |
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banka |
posted 05-30-1999 10:23 AM
Reality check: BarnesandNoble.com's market cap is higher than Barnes and Noble's. Crazy. |
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JHirsch |
posted 05-27-1999 12:33 AM
Dude, You have to remember that the IPO on tuesday was still a day when tech stocks were getting hit pretty hard. It was the last of many days of Internet stocks dropping. It might have had more to do with that than anything else. And do remember what Trader Joe said, they know have this $450 million to throw at advertising and acquisitions which will help them compete. Do they have a similar associate program like the one Amazon has? I believe they have something similar, but with lower percentages going to the associates. Can anyone help me out? Thanks Jake |
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smario |
posted 05-26-1999 09:47 AM
Another way to view this ipo (rather than the negative spin dude saw), is this: At $18 a share, the offering fetched $450 million, trailing only CompuServe (now part of America Online) as the richest Internet IPO ever. And it did end the day above the offering price. An IPO does not have to be up 150% the first day of trading to be successful, especially since the majority of the ones that do are now below that high. As Bezos himself has said, keep the focus on the long term. The large market caps will have to be justified by profits eventually, or the stock will correct itself. I think BarnesandNoble is doing just fine where it is. |
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Trader Joe |
posted 05-25-1999 01:11 PM
All along I assumed B&N would be roadkill because they weren't growing revenues fast enough, but this IPO gives them $450 million to spend on marketing, acquisitions, etc. Even if they don't execute very well, with that kind of money they should be able to develop into a respectable e-commerce business. |
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Art Vandelay |
posted 05-25-1999 12:50 PM
If you compare market caps, Amazon ($20B) seems more expensive than B&N ($2B). But if you compare price/sales ratios, B&N (40x) is even more expensive than Amazon (30x). And B&N is growing more slowly. The reason the IPO was lackluster was that the offering price was too high. |
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dude |
posted 05-25-1999 12:32 PM
Well, it started trading today. Offered at 18, currently around 24. Fairly lackluster for an internet IPO. I guess by now everyone sees that B&N won't be able to compete with Amazon and will just be content to carve out its own niche in the online book biz. |
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Trader Joe |
posted 05-06-1999 04:45 PM
The latest SEC filing says they're looking to raise $280 million and will be offering about 17% of the shares. That puts the market cap north of $1.5 billion. Forget Amazon's market cap for a minute. B&N lost $20 million on sales of $30 million in the latest quarter. Selling a commodity product. That sounds awfully expensive to me. |
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InvestorGuide Weekly Administrator |
posted 03-22-1999 12:09 AM
Shares of Barnes & Noble jumped 14% after the company announced it plans to take barnesandnoble.com public. http://www.news.com/News/Item/Textonly/0%2C25%2C33949%2C00.html |
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techwatcher |
posted 03-06-1999 04:06 PM
Jonathan Bulkeley, the new CEO of Barnesandnoble.com, wants to reclaim the internet book business: http://www.thestandard.com/articles/display/0,1449,3696,00.html |
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