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Totally different story here in the shares of Barnes & Noble they are turning the page today after the company announced quite the management shake up.
Late yesterday that -- Changes are so major.
That our next guest went from behaving the stock.
Tool loving yet Bryant saga is the balance capital advisors CEO and chief equity -- -- it's a loving it simply on the fact that they ousted the CEO and aren't even replacing him.
Felt all right I do like a little bit love is a little stretch -- -- -- by.
Why they want I like it because I think over the next couple months next time we hear from Barnes & Noble it's -- -- be with the founder will make a bid for the company and their he's gonna get the -- assets that means Barnes & Noble as we know what -- actually knew yesterday is completely obliterated it doesn't exist anymore.
-- Max -- dyke show look at what.
Do you want the retail assets and off the digital assets which of course is the book because that have a little bit of value at least and after I want to know this -- been bleeding money last year it bled almost 500 million dollars with a lot of charges why he wants the retail.
He created this it's his baby he's going to wants -- to care care care and probably will this will this business to his grandkids.
But keep in mind ten years -- line I sloping Barnes -- -- going to exist.
That makes me sad because my kids are still I like owning the one that closed in our town you know just to go and sit and pay extra books and magazines but let's put that emotion aside and say.
What happened yesterday we have Michael -- be -- who's now running the digital division that would be the no part of it and then Mitchell clipper running the retail group.
Is this a precursor for the company to split and does that then make it more attractive should people be buying the stock from where you -- well.
-- he what he did what happened yesterday he has now -- the -- all company everybody reported to him which is totally about a conflict of interest if you ask me but he created little entities inside -- the bigger Barnes & Noble.
He's already set the stage to announce I think some form of -- -- from cardinal reach class it's.
When I think maybe 2122 -- share.
-- would still be up its 52.
Let's go to the -- which of course -- had a sizable chunk of the the e-book market but.
Listen it's not anywhere near the -- pattern -- Kindle fire of course by Amazon Google's nexus -- and how well that's doing but.
What is the opportunity they're considering Microsoft on 17%.
Couldn't they just get it and then use that hardware to re branded as Microsoft something else that.
To -- I -- Microsoft will get that no division they've invested so much money into the business when they.
Originally invest in this -- a year ago they value look at one point eight billion dollars it's been terrific loser since then.
Why because Amazon is willing to eat loss is on its hardware -- its contents to compete.
And ultimately I think remember -- -- false start you back tablets and -- -- readers I think the market is saying we just want tablets in the cripple only want one viewing experience.
-- just like a point BK yes ticker symbol that it's eighteen dollars now you're saying 21 are you buying it here do you own it won't we are reckon -- -- -- -- that news yesterday -- I could see -- 21 in dare I say -- -- classics -- what he worked 43 point four dollars.
So you like it here among the interest and that you -- about her now I don't know I don't and I had because I like the multimedia experience like the ecosystem milk served no purpose in my life whatsoever by.
But he still likes the stock for now thank you very much thank you Brian -- good to see you -- of -- capital advisors CEO.
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