Wednesday, February 23, 2011

Barnes & Noble Stock Status Change

I guess all your picks can’t turn out golden. Barnes & Noble(BKS) released a bad earnings report this week. Worse yet they choose to suspend their huge 6.5% dividend. Time will tell if this company is a good long term investment. I have changed my opinion on it to a hold, instead of a buy. I really liked the Dividend that management stated they are suspending to invest more money in Ebooks. This may be the right move for the company long term but short term it’s bad for us shareholders being we won’t get a yield from this investment. I will hold on for the company’s turnaround but not invest any new money in it. Happy Investing. Tony

Friday, February 18, 2011

B&N Stock Update

I am growing even more bullish on Barnes & Noble(BKS) by the day. Now that Borders Group has filed for Chapter 11 a lot of B&Ns competition will disappear overnight. I know the market for printed books has/is shrinking but there will always be a need for them somewhat. B&Ns Color Nook is an overnight success for them. I got a 3G e-ink Nook for Christmas and just love it! I have purchased double the books I usually do and will continue this trend for a long time. Have spoken to many Nook owners and they all love it. This will provide a continuous stream of revenue for them for years to come. Don’t forget about the 6% dividend! Got to love a nice fat dividend like B&N pays. Happy Investing. Tony

Sunday, February 6, 2011

Wendys (WEN)

My reasons for owning Wendys are even better today than a few months ago when I posted to buy it. Once they get rid of their earning drag (Arbys) they can focus on growing the brand overseas and in the US. Breakfast sales alone will push this companies earnings up starting later this year. Strong buy on this one you won't be sorry! Happy Investing. Tony