Wednesday, August 18, 2010

Barnes & Noble Remaindered

James B. Stewart on WSJ.com: "The giant bookstore chain, whose superstores once struck fear into the hearts of independent booksellers everywhere, put itself up for sale this month, rendering it the corporate equivalent of the remaindered books it sells at a discount. The company said it made the move because its shares are undervalued, but to me there was an air of desperation about it. ..."