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valuemoney (99.99)

BKS Barnes & Noble - a takeover in the works ?

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January 01, 2010 – Comments (2)

I was kidding about Amazon buying it, but could this be bought out? This looks like a trade for 2010. Any comments? Late day volume spikes. Burkle purchasing 4.5 million shares in October. I green thumbed it in Caps the other day but have not purchased any shares. Buy-out or not, it seems like 25 quick Caps points over maybe a three month period. Am I dumb? LOL

2 Comments – Post Your Own

#1) On January 01, 2010 at 8:00 AM, crystlz (65.07) wrote:

I'm thinking something is up here. There was 400k traded in the last 5 minutes of the year. Price spiked up from 18.68 to 19.07 while the broader markets were taking a dive.. I have red-thumbed BKS in CAPS near the most recent high and am still up +20. I couldn't get any shares in real life to short sell. IMHO this stock is heavily manipulated, especially by Burkle. Unless this holiday season's numbers come in better than I think it may be hard to maintain the dividend which has made this stock attractive. There have been rumblings from Burkle about management issues. Here is a chart:  http://farm5.static.flickr.com/4067/4232651888_52ba3a7913_o.png 

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#2) On January 05, 2010 at 4:01 PM, lemoneater (78.23) wrote:

Lol. I spent most of my Christmas money at B&N.

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