Barnes Noble stock surges on Nook deal
British book publisher Pearson (PSO) said Friday that it would pay nearly $90 million in cash for a 5% stake in Barnes Noble’s Nook division. Microsoft (MSFT) already owns a michael kors handbags 16.8% stake, leaving Barnes Noble with 78.2%.
That was enough to offset any Michael Kors handbags cheap disappointment over Barnes Noble’s sales forecast. The bookseller said in a regulatory filing Friday that holiday sales would fall short of its expectations and Nook sales would also miss targets for the year.
And traders on StockTwits were michael kors outlet also cheering the Pearson deal.
the Friday morning swing from$BKS. Pearson buying 5% of Nook unit makes shares jump. Then they warn on FY2013 and the jump goes pfftt
That did seem a bit of a contrarian move but maybe investors cheap Michael Kors handbags really aren’t too worried about sales falling off a cliff. It may be a whole different ballgame when the actual numbers come out but for now, investors are willing to take a wait and see stance.Articles Connexes：