Posted on 03/28/2011 10:18:21 AM PDT by MeneMeneTekelUpharsin
Wonder why Barnes and Noble (BKS) stock is going up. It sure fell a long ways earlier this year. So, why would it suddenly go up without any news? Man, the stock market is crazy.
Basically sales are going up both on the internet and in the stores and they now have 25% share of the ebook market. At the end of last year, the meme was that bookstores were going the way of the dinosaur and although things are not great they look like they are doing what they need to survive.
Because Borders is dying.
Most likely because of my Wife’s E-Book purchases since I bought her a color NOOK for Christmas. Thousands of free books my A$$! (Just not any good ones that she wants to read.)
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