Barnes and Noble(BKS) Update

A month ago I wrote about Barnes and Noble Stock(BKS) no longer being a long term buy in my opinion. Things have changed based on the current stock price. Right now the company’s Stock price is such that there is no chance they will be taken over. Also it’s priced as if there is a 50% chance they will declare bankruptcy within the next 2 years. Both premises are false, IMHO. Actually at this price I think the stock is very attractive to buy once again. Between $9-11 a share I would be and am a heavy buyer. Just picked up my first new shares at $9.10, a bargain IMHO. I agree there is a slight risk that management will sink the ship by over investing in the Nook, but the price is clearly reflecting this risk already. Give the Borders stores a few months to sell their inventory and close down, this will boost Barnes and Noble’s revenue once these stores are gone. People like to buy books and many will continue to do so forever. While I love Ebooks and many people do there will always be people that want a real book to hold. Good luck investing. Tony