http://online.barrons.com/articles/promising-new-chapter-for-barnes-noble-1420261834Promising New Chapter for Barnes & Noble
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That article is from 2015 - no relevance
They will sell it in a New York heart beat, number one objective actually.
Cash cow? Bahahahahaba
Brytewave WAS outsourced. That's why it is crap.
Yes, why they are outsourcing IT.
BryteWave is a joke and will never be able to compete with the other ereaders on the market. It's obvious our leadership and development group doesn't care what our customer wants (quality). Customers have been posting negative reviews for years and they always complain about the same thing.
If I were family, I would jump at the opportunity to sell the company since the bookstore industry, is going to continue to decline as more competition enters the field with rental and digital. As we have seen with new leadership, the focus is no longer on text, but on clothing, cafes etc. There are plenty of online clothing retailers (fanatics, fansedge and cbssports) many of them cheaper than eFollett. Do you really think Brytewave is a strong option to Amazon, Apple, Google and even BN? Pump up the financials and get rid of this bad boy for a decent price.
The article is pure speculation and has no evidence to support the idea that B&N is even contemplating purchasing FHEG. Even if they were, Follett wouldn't sell their cash-cow.
Shares of the country’s dominant bricks-and-mortar bookseller have risen 39%, to $23, since Barron’s published a bullish feature last spring (“Why Barnes if anything, that was conservative, as it assigned no value to Nook.
Widely viewed as dying, B Nook losses are running at about $70 million annually. Free cash flow from the bookstore and college business is estimated at more than $200 million annually, or about $3 a share.
The bookstore business, widely viewed as dying due to Amazon.com, is holding its own. Core sales, excluding Nook, were up 5% in the most recent quarter, partially due to a shift to higher-margin toys and games. Amazon’s fight with publishers and authors probably has helped B&N. A holiday-sales update is due on Jan. 8.
Barnes & Noble may find a buyer for Nook or the entire company. And an annual dividend of $1 a share or more is possible, versus zero now. The company has invested in a digital learning platform called Yuzu that lets students read textbooks on computers or tablets, take notes, and communicate with one another. B&N might even buy its larger college bookstore rival, Follett.
Barnes & Noble has been a longtime disappointment—Barron’s has written favorably about it since 2012—but it finally might be turning the page.
Copy and paste please!
I don't have a subscription. What is the main point of this article?
http://online.barrons.com/articles/promising-new-chapter-for-barnes-noble-1420261834
http://online.barrons.com/articles/promising-new-chapter-for-barnes-noble-1420261834