Monday, March 7, 2011
It's perenial risk. Managers fight off an unwanted suitor with promises that the future will be brighter if the company remains independent and in management's hands. And, then what? A year later, shareholders have yet to see any improvement. Below is Barnes & Noble's stock price over the past year. If you were with management last year when they fought off Yucaipa's proposal share up management and look for options, you might be reconsidering your position about now. Reuters reports that BKS is now trading at a one year low and that it's efforts to generate a sale or going private transaction aren't going anywhere. Oh well.