|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.|
On Oct. 1, '97 Merrill Lynch ranked Barnes and Noble as "Focus One Stock Selection" and kept Buy rating on it. The article mentioned that there is unaccounted $17/share for the BarnesandNoble.com internet shopping mall. The same day Barnes and Noble announced that their revenue from the internet will be higher than Amazon.com - which was
$37.9 mill. for the last quarter-Sept. '97.
Market value of BKS is about $1.8 bil. and AMZN about $1.4 bil. However BKS had over $600 mil. revenue in the quarter ended July '97. BKS has earning report on Nov. 20 for the quarter ending Oct. '97. This stock might pop-up very nicely if BKS can show they dominate the internet bookstore.
Any opinions? Long BKS? Short AMZN?
Nov. 20th will proove us right or wrong.
|© 2021 Knight Sac Media. Data provided by IEX, Alpha Vantage, Coinbase, Binance, Fintel and CityFALCON News|