Books-A-Million's Predictable Earnings Story
For investors, Books-A-Million stands out for its stability in a turbulent industry. The bookseller reported that second-quarter profits climbed to $1.9 million, although its sales fell.
For investors, Books-A-Million stands out for its stability in a turbulent industry. The bookseller reported that second-quarter profits climbed to $1.9 million, although its sales fell.
Ron Burkle drew first blood in the looming battle at the annual shareholders meeting, but founder and Chairman Leonard Riggio isn't backing down. He's hiking his stock holdings and staying on the board ballot while two others vacate their seats.
After losing in court, renegade investor Ron Burkle is poised to launch a proxy contest for Barnes & Noble that will be tinged by animosity between Burkle and B&N founder and chairman Leonard Riggio.
With the stock plunging and a trial between key shareholder Ron Burkle and top company execs heading to court, signs point ever more clearly to the possibility that Barnes & Noble will go private. And that just might be the right move.



