Wednesday, August 18, 2010

Goldman Sachs on Barnes & Noble: "We Don't See Compelling Value in the Business"

Barnes & Noble attempts to stay afloat; releases Nook for iPhone - International Business Times: "Barnes & Noble, the 137-year-old company, recently announced that it is looking for strategic alternatives including putting itself up for sale. 'Sizable investments associated with the transition to digital books' and 'risks to store profitability associated with the digital migration' were primary concerns, Goldman Sachs analyst Mathew Fassler told the Wall Street Journal. 'We don't see compelling value in the business.'"