B&N… a gain with a loss

I posted about B&N a couple weeks ago here http://jimthewriterb.wordpress.com/2011/08/19/bn-receives-204-million-investment/

It was big news about this investment and in reality, it shows the value of ebooks and what the future will hold.

B&N posted their first quarter earnings today.  The obvious was stated – store sales and down and ebooks are up.

But they also posted a lost of $57 million.

Ut-oh, a loss?  How bad was this investment?  Will they exist?  Okay, everyone, take a breath.  B&N will take time to get back to a profitable state and the investors know this.

To prove my point, I dug a little deeper.  I looked at last years first quarter statement.

And guess what?

The loss was $62.5 million.

So, while B&N had a loss, they sort of had a gain.  They chopped down their loss compared to last years quarter.  That’s pretty cool in my book.  I can’t say what will happen for B&N forever, but it seems they have a focus now.  Not to mention money from their investment.  I’d like to see them rescue their store sales, but I don’t know how they’ll do it.  If stores start closing, I don’t think it’ll be the last stand for B&N, but it will hurt all around.

Oh, and remember when the stock price touched $10?  Close to the 52 week low.  People were worried.  Guess what?  Closing today, B&N’s stock price sits at $13.13.  That’s a nice little gain.  Good for B&N – I hope they keep it up.

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About Jim Bronyaur

Jim Bronyaur writes mystery, thriller, and horror books. Grab a book at www.JimBronyaur.com Tweet him @JimBronyaur And for those who have Kindles and Prime, you may be able to get some of Jim's books for FREE!
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