Feb
08
J.P. Morgan Downgrades B&N

Earlier in the week Barnes & Noble shares traded at twice the volume and fell over 10% in value after a downgrade from J.P. Morgan.  The financial services firm indicated that B&N suffered low holiday sales and with the impending election more people will pay attention to the the news and debates rather than visiting bookstores.

Via Shelf Awareness 

This entry was posted on Friday, February 8th, 2008 at 4:12 pm and is filed under Publishing News. You can feed this entry. You can leave a response, or trackback from your own site.

NedNed is Jane's long suffering husband who enjoys high fantasy novels and the occasional romance that Jane disguises as a fantasy book. He is also the photographer and artist of the multimedia reviews here at Dear Author. Email this author | All posts by Ned
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