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Quote of the Day: Barnes & Noble
Posted by Tom Mason Categories: Editorials,
If you're wondering where to invest your money now that Borders Books is in a state of freefall, you might hold off on putting some of your hard-earned money into the competition, Barnes & Noble.
“At the moment booksellers are something to avoid as an investment. Across the board, even for B&N, losses have exceeded expectations. Economics of digital business for B&N look worse than they should.”
-- Goldman Sachs analyst Matt Fassler speaking at Digital Book World.
[Artwork: Where Print Goes To Die]
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