The SEC has commenced an investigation into Barnes & Noble's accounting, pushing shares of the bookstore chain sharply lower.» Read More
Shi Nisman is one of the twenty finalists in our Million Dollar Portfolio Challenge (by the way, his first name rhymes with shy). But Shi is not "shy" about the contest--he's in 7th place today as we head into the last hours of trading for the contest. He wants to win the $1,000,000 prize--but has some work to do. His strategy for the contest was to pick volatile stocks with expected low correlation to the rest of the contest participants. Shi works for an investment firm and grew up in Israel and San Antonio, Texas.
Good morning all. We're starting this last day on the rough side as more than half of our Million Dollar contestants lost ground Thursday in a volatile market. All of our finalists are fully invested, with the exception of #15, Chuck Chow who is all in cash. Nancy Beaumont holds first place for the 4th straight day on the 9% gain of Gymboree. Nancy may hold onto the top spot with her almost all-in trade on Verigy, a Singapore-based maker of test systems for the semiconductor industry, which beat estimates after the bell Thursday. Verigy was up almost 10% in extended hours.
The retailer said the net loss totaled $1.7 million, or 3 cents a share, compared with a year-earlier profit of about $10 million, or 14 cents a share. Excluding the charges, the bookseller said it earned $6.8 million, or 10 cents a share for the quarter.
Good morning everyone. Today--Thursday--is a big day for our contestants. The trades they execute prior to 4pm will be the last trades that will impact their total portfolio value based on their performance on Friday. And, the race at the top gets tighter each day. Only $22K separates the top three positions. Nancy Beaumont holds first place for the 3rd straight day on the 9.75% gain of The Men's Wearhouse. Nancy looks like she may maintain her first position with Gymboree up almost 10% in extended hours.
The guys go behind the headlines and give you their take on ... JetBlue's CEO being forced out ... the latest company to miss earnings over milk prices ... and more.
He is not expected to ride his flying broomstick into bookstores for 100 more days, but already British boy wizard Harry Potter is whipping up some magic at bookstore chain Barnes & Noble.
Barnes & Noble said a special committee found "numerous" instances of improperly dated stock option grants and that the bookseller would need to make an adjustment decreasing its retained earnings by $22.8 million.
The guys (and gal) go behind the headlines and give you the traders take on the Palm/MOTO disaster... the Blackstone $4 billion IPO... the EU open skies... and more. Find out where they see fast money.
Bookseller Borders Group, in a significant strategy shift, said on Thursday that it would close nearly half of its Waldenbooks stores, weigh options for its international units, and start selling books through its own Web site.
Here's one more segment from Friday night's "How To Win" program on CNBC. We hear from a couple of the bloggers--the stock pick bloggers who are giving advice--and are actually playing to win the contest. John Carney is editor at dealbreaker.com and Jeff Mishlove is from Forecastingsystems.com and wrote a "how to" manual on the contest itself.
Top U.S. book retailer Barnes & Noble on Monday forecast fiscal 2007 earnings well below the average Wall Street estimate, sending its shares down nearly 10%.
There is a big, giant bullseye painted in bright red over the entire retail sector. Private equity firms are sniffing around targets like the Gap (which, according to Women's Wear Daily, may have a bidder in Eddie Lampert), Barnes and Noble, and Home Depot.
Shares of Barnes & Noble rose after Credit Suisse raised its rating on the stock and called the bookstore chain a strong candidate for a leveraged buyout.
How hot is the leveraged buyout (LBO) craze? Credit Suisse just put out a report upgrading bookseller Barnes and Noble. Is business improving? The main reason for the upgrade is that the company is "one of the best-positioned LBO type candidates in our universe." They note the company has consistent cash flow and a cheap valuation.