From Seeking Alpha:
Barnes & Noble (NYSE:BKS) is down 5.3% after the company reports Q3 earnings.
Revenue was down 2.5% during the quarter and comparable sales were off 1.4%.
Only a few analysts are covering B&N these days, meaning that the company’s earnings beat holds a bit less weight. Still, the EBITDA loss of $2.3M compares favorably to the consensus mark of -$12.1M.
Link to the rest at Seeking Alpha
PG suggests the lack of analysts covering Barnes & Noble is an indication of how much the company has shrunk and how few investors are interested it anything it does.
The analysts have finally figured out that those in control of B&N ‘want’ it to die.
Customers are hard to get and easy to lose.
So is competent staff at a time of low unemployment.