Barnes & Noble (BKS): Big buyers offer a bullish read

{ Posted on Jan 30 2009 by Steven Halpern }
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"Last spring, CEO Leonard Riggio of Barnes & Noble (NYSE: BKS) purchased almost $50 million-worth of his company's stock between $27-29.50; today, it languishes on the remainder table at $17.56," says Mark Skousen.

In his income-oriented speciality service, High Income Alert, the advisor says, "Now, a billionaire has also taken a stake." Here's the advisor's update.

"Barnes & Noble is a worthy addition to our model portfolio. Trading well below the level that the CEO purchased shares, we consider the stock a bargain.

"Barnes & Noble owns the nation's largest chain of bookstores, with 800 stores in 50 states. It also owns one of the Web's most-visited Web sites, bn.com. Between its stores and Web site, Barnes and Noble sells more than 300 million books a year.

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Barnes & Noble (BKS): Big buyers offer a bullish read originally appeared on BloggingStocks on Fri, 30 Jan 2009 14:00:00 EST. Please see our terms for use of feeds.

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