Just after 6 p.m. on Friday, the weeklong standoff between Amazon (AMZN) and Big Six publisher Macmillan came to an end. Buy buttons were restored to print edtions of Atul Gawande's The Checklist Manifesto, Andrew Young's The Politician, and Kristin Hannah's Winter Garden, among other big titles, and Sunday night, all of Macmillan's print and digital titles were available directly from the online retailer. "We are delighted to be back in business with Amazon," said Macmillan CEO John Sargent in a statement. Amazon has barely commented on the situation.
Kindle's rise lifts Amazon(Nasdaq: AMZN) to a buy rating at Collins Stewart.
After a 10% slide in the stock in the past month, Collins Stewart analyst Sandeep Aggarwal upgraded the stock to a buy, citing the Kindle's strength in the all-important e-book sector.
Aggarwal estimates that Amazon will sell 3.85 million Kindles this year, and if true, that would show a profit of $650 million on $2.5 billion in sales.
The e-reader sector is starting to heat up. Last month, Apple(Nasdaq: AAPL) introduced its iPad tablet, last week Google(Nasdaq: GOOG) was rumored to be entering the race with a "gPad"-friendly operating system and this week, Barnes and Noble (NYSE: BKS) is restocked with its nook e-reader device.
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New York, Feb 2nd (TradersHuddle.com) – Stock futures were pointed higher, as stocks were poised to extend yesterday’s gains. European shares and commodities were higher as the Dollar retreated.
Investors will not be only focused on earnings, as important hearings will be held today in Capitol Hill. At 10. Read More --
U.S. stock futures continue to indicate a shot at back-to-back broad-market gains on Tuesday after January declines, though futures are well off earlier gains. Asia ends mixed and Europe is broadly higher.[More...]
BloggingStocks: U.S. stock futures edged higher Tuesday morning, pointing to a potential second day of gains on Wall Street. As investors look to recover from January's down market, digesting more earnings this morning, they also await some economic data, including ... Read more
Cedar Fair, L.P. (NYSE:FUN), InterMune Inc. (NASDAQ:ITMN), and Barnes & Noble, Inc. (NYSE:BKS) are three stocks with significant insider buying in recent weeks, according to data from Form4Oracle.com’s Insider Monitoring Service.
Cedar Fair’s Buyout Rollercoaster Ride
Cedar Fair, L.P. (FUN, Free Analysis), which owns and operates 11 amusement parks, saw significant open market insider purchasing that amounted [...]
If there was ever a more direct attack on a product or a one sided review, I am not sure I recall seeing it. This is just simply an outright slam of Barnes & Noble’s (BKS) Nook electronic book reader. Pogue clearly prefers Amazon’s (AMZN) Kindle, without question.
A ref would have called a technical knockout [...]
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Borders Group, Inc. (Public, NYSE:BGP) shares took a huge hit on Thursday, ending the day down 28% at $5.07 a share. The news of Borders looking at "future strategies", thus selling the company made investors bail like no tomorrow. Shareholders couldn't sell shares fast enough, 26.8 million shares were traded on Thursday, compared the usual volume of 1.44 million BGP shares. So now what? Follow the Masters into the dumpster.
Borders fourth-quarter results that were delayed for one day,reported net income of $64.7 million, or $1.10 a share, compared with a loss of $73.6 million, or $1.22, in the same period last year. Revenue fell 2 percent to $1.35 billion for the quarter ended Feb. 2. Analysts polled by Thomson Financial expected profits of $1.42 per share on sales of $1.37 billion.
Borders has until Jan. 15 to require Pershing Square to pay $125 million for its international business. But the company said it must pursue the sale of those operations elsewhere before any deal with Pershing.
Borders is now considering options including the sale of the company or certain divisions, and that it had lined up $42.5 million in financing to help it keep running through the year.
In this tough economy, Borders is going to have a hard time staying in business when you go online and buy books at Amazon.com (AMZN), eBay.com (EBAY), or stroll into a better bookstore like Barnes & Noble, Inc. (Public, NYSE:BKS).
For those of you thinking you can cash in on Borders dividend and wait for a potential sale, hoping shares may jump - think again. Borders has suspended its quarterly dividend and all that bad news sent shares down 44% at one point.
Borders is a sitting duck now, with the recession in full swing, their shares are going to keep falling. Borders isn't a great bookstore, they're no better than Costco's (COST) table of random books for sale pilled all over the place. There's nothing special about strolling into a Borders, so why would book lovers keep heading to Borders?
They won't.
The Masters expect the powers that be to push Borders shares to a new 52-week low next week. Depending how low they get, there may be a bounce opportunity, but for now, just watch the bonfire of books go up in flames.
By Todd Sullivan from ValuePlays - Anytime the largest shareholder of a company goes on a buying spree like Barnes and Noble's (NYSE:BKS) Leonard Riggio did recently, I have to look closer.
Riggio, who bought 100,000 shares both in August and September, bought an additional $11.3 (approximately 420,000 shares) million dollars worth in October. This bring his total stake in the company to 24%. Much like Sear Holding's (SHLD) Eddie Lampert's buying spree this summer, when people intimately involved in the company cannot seem to buy enough shares, you have to be interested.
If you recall Barnes and Noble in August predicted a more optimistic outlook than was previously thought and about this time Riggio began his buying spree. On has to infer from this that the future for BKS may be even rosier that predicted in August. For those hoping for a Barnes and Noble and Borders (BGP) merger, this news ought to put a damper on those expectations. Were a merger or other collaboration to be announced anytime in the near future, Riggio's purchases was be reduced to simple insider trading ahead of the announcement. That does not mean it will not happen, just that it will not happen anytime soon.
I am going to look closer here over the weekend and get back next week..... I am very intrigued though..
Todd Sullivan, Contributor to theStockMasters.com and ValuePlays Founder
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Borders is a sitting duck now, with the recession in full swing, their shares are going to keep falling. Borders isn't a great bookstore, they're no better than Costco's (COST) table of random books for sale pilled all over the place. There's nothing special about strolling into a Borders, so why would book lovers keep heading to Borders?
f you recall Barnes and Noble in August predicted a more optimistic outlook than was previously thought and about this time Riggio began his buying spree. On has to infer from this that the future for BKS may be even rosier that predicted in August. For those hoping for a Barnes and Noble and Borders (BGP) merger, this news ought to put a damper on those expectations. Were a merger or other collaboration to be announced anytime in the near future, Riggio's purchases was be reduced to simple insider trading ahead of the announcement. That does not mean it will not happen, just that it will not happen anytime soon.
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