Updated thoughts on Barnes & Noble (BKS)

Please see the below article for my updated thoughts on Barnes & Noble. Quick summary: business performed well in most-significant 3Q, valuation remains compelling at <5x EV/EBITDA, and spin-off of the College business in August provides a hard catalyst to unlock value. I still think the stock is worth $30+ (vs current px $23.3), with bear case assumptions suggesting a mid-$20s stock price. Hence, still quite favorable risk-reward on the long side.


Disclosure: long BKS


One thought on “Updated thoughts on Barnes & Noble (BKS)

  1. memberi June 11, 2015 / 8:00 pm

    Asking questions are genuinely good thing if you are not understanding something completely,
    however this paragraph provides nice understanding yet.


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