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Dec.06
9:04 AM ET
Wednesday, 6 Dec 2006
CNBC's Pisani on Possible Barnes and Noble LBO

How hot is the leveraged buyout (LBO) craze?  Credit Suisse just put out a report upgrading bookseller Barnes and Noble [BKS  Loading...      ()   ]. 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.

They think the company could fetch a 25% premium, and detail a 5-year exit strategy for an LBO involving low single digit sales growth, halting store growth and cost cutting. No word on what CEO Leonard Riggio, who owns roughly 20% of the stock, might think of this.


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Current DateTime: 05:21:40 25 Nov 2009
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