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16 June 2021
09:09 hour

Barnes & Noble stock soars 20% as it explores a sale

CNN Money Top Stories

08/02/2021 - 22:45

Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company.


READ THE FULL ARTICLE ON CNN MONEY TOP STORIES

Related headlines:

  1. Barnes & Noble Education Inc. (BNED) Q3 2021 Earnings Call Transcript (09/03/2021 - AlphaStreet)
    Barnes & Noble Education Inc. (NYSE: BNED) Q3 2021 earnings call dated Mar. 09, 2021 Presentation: Operator Good morning, and welcome to the Barnes & Noble Education Earnings Call. At… This content is for members only. Visit the site and log in/register to read.The post Barnes & Noble Education Inc. (BNED) Q3 2021 Earnings Call Transcript first appeared on AlphaStreet.
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  2. Barnes & Noble Education EPS misses by $0.58, beats on revenue (09/03/2021 - Seeking Alpha)

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  3. Barnes & Noble Education lands higher price target from Needham (10/03/2021 - Seeking Alpha)

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  4. IBM explores sale of IBM Watson Health - WSJ (19/02/2021 - Seeking Alpha)

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  5. Apollo Global explores sale of McGraw-Hill Education for as much as $6B - Bloomberg (25/03/2021 - Seeking Alpha)

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  6. ByteDance explores sale of Indian TikTok assets to rival firm Glance: Bloomberg (13/02/2021 - Investing.com)

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  7. Verizon is considering selling Yahoo and AOL ???? (29/04/2021 - Reddit Stocks)
    WSJ EXCLUSIVE: Verizon is exploring a sale of its media assets, including potentially parts of Yahoo and AOL businesses, sources say, as it looks to exit an expensive and unsuccessful bet on digital media https://www.wsj.com/articles/verizon-explores-sale-of-media-assets-11619642003 I have to admit... I had no idea AOL was still a thing. Verizon has been on my list for a while but I haven’t jumped in yet. Curious to see how this pans out.   submitted by   /u/Dowdell2008 [link]   [comments]
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  8. Compute Health Acquisition (Ticker: CPUH) (03/03/2021 - Reddit Stock Market)
    People should keep on their radar, Compute Health Acquisition (ticker: CPUH) CPUH, a newly founded SPAC led by Intel's Chairman (Omar Ishrak), BlackRock founder Larry Fink's son (Joshua Fink), and Dr. Jean Nehme (Lebanese/British Entrepreneur). The SPAC is seeking to acquire a firm in the health technology sector. Coupled with this news, IBM explores sale of Watson Health. Source: https://www.wsj.com/articles/ibm-explores-sale-of-ibm-watson-health-11613696770 International Business Machines Corp. is exploring a potential sale of its IBM Watson Health business, according to people familiar with the matter, as the technology giant’s new chief executive moves to streamline the company and become more competitive in cloud computing. IBM is studying alternatives for the unit that could include a sale to a private-equity firm or industry player or a merger with a blank-check company, the people said. The unit, which employs artificial intelligence to help hospitals, insurers and drugmakers manage their data, has roughly $1 billion in annual revenue and isn’t currently profitable, the people said. Its brands include Merge Healthcare, which analyzes mammograms and MRIs; Phytel, which assists with patient communications; and Truven Health Analytics, which analyzes complex healthcare data. With that being said, this might be a great target. Keep an eye on that   submitted by   /u/iamfromatlanta [link]   [comments]
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  9. Noble Corp. to buy Pacific Drilling in all-stock deal (25/03/2021 - Seeking Alpha)

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  10. What is a stock sale (06/04/2021 - Reddit Stocks)
    New to the market game. Trying to understand stock sales as terminology of who the buyers/sellers are a bit confusing and the actual purpose of a stock sale. Would it have impact on the price of a stock? Can anyone break it down Barney style for me ? TIA   submitted by   /u/NARCOTICS911 [link]   [comments]
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  11. Chevron acquires remaining stake in Noble Midstream Partners in an all-stock transaction (05/03/2021 - Seeking Alpha)

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  12. Just want to make sure so I don’t f myself. (03/04/2021 - Reddit Stocks)
    I just want to make sure you know? So the wash sale tule is basically when you sell a stock for loss then buy the same stock within 30 days. Meaning you don’t get to claim the capital loss as tax credit correct? So, say I buy a stocks be sold it for a profit. One week later the stock plummets and I decide to buy it again. Is this a wash sale? Also wash sale vs tax harvesting?   submitted by   /u/DiegoRo08 [link]   [comments]
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  13. Stock Gains immediately after sale (28/04/2021 - Reddit Stocks)
    Just made my worst stock sale of my life. Held on a stock for years that was on a steady decline the entire time. Finally gave up on it and Sold it this morning and after just a few hours it gained 50%. So bitter right now.   submitted by   /u/Frozly [link]   [comments]
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  14. Wash sale across tax years question (17/05/2021 - Reddit Stocks)
    I sold a stock last year, and then rebought later in the year (31 days). This created a wash sale. I then sold all of the stock last week. Question: can I somehow recoup the wash sale loss now that I sold all of the stock? I know it is automatic in same year sales, but this crossed 2020/2021. Thanks in advance for the help.   submitted by   /u/SaltyFly27 [link]   [comments]
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  15. Wash Sale Question (23/04/2021 - Reddit Stocks)
    I know what a wash sale is and how it works but what happens if it’s the same company but different stock tickers? I have quite a few shares of Z at a cost basis much higher than they are right now. If I sell those at the loss and lower my taxable gains on the year can I just turn around and put that in ZG and the Was Sale Rule?   submitted by   /u/Silent_Anybody5253 [link]   [comments]
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  16. Trying to understand the wash sale rule (02/04/2021 - Reddit Stocks)
    Let's say I buy a stock and sell it for a loss of $500. Then I buy the same stock a week later for $400. This triggered a wash sale and now my cost basis is $900. I then sold the stock for $600. If I am understanding this correctly, I am at a -$300 for a capital loss. Fast forward 3 months and I have realized capital gain from different stocks totaling $1000. Does the -$300 capital loss offset capital gains of $1000? Or does the wash sale rule from that specific stock prevent this from happening?   submitted by   /u/cooladekal [link]   [comments]
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  17. dtn2021-12 - Introduction of Long Form Price Messages: Nasdaq Last Sale, Nasdaq Last Sale Plus, & Nasdaq Last Sale FilterView (16/04/2021 - Nasdaq Trader)
    News CategoryAlertMarketsWhat You Need To KnowData Technical News#2021-012 Nasdaq is introducing long-form message types to Nasdaq Last Sale, Nasdaq Last Sale Plus, and Nasdaq Last Sale FilterView. This is direct response to the upper limit of a 4-byte price within Nasdaq Last Sale and other Nasdaq Last Sale iterations.
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  18. Barnes Group declares $0.16 dividend (12/02/2021 - Seeking Alpha)

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  19. Barnes Group declares $0.16 dividend (07/05/2021 - Seeking Alpha)

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  20. ECA2021-73 - Information Regarding the Merger of Noble Midstream Partners LP (NBLX) (04/05/2021 - Nasdaq Trader)
    News CategoryAlertMarketsWhat You Need To KnowEquity Corporate Actions Alert#2021-073The Nasdaq Stock Market
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  21. Barnes Group Q1 2021 Earnings Preview (29/04/2021 - Seeking Alpha)

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  22. Barnes Group Q4 2020 Earnings Preview (18/02/2021 - Seeking Alpha)

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  23. BNED (Barnes & Noble Education) DD (14/02/2021 - Reddit Stocks)
    Disclosure: I have 20 shares at an avg cost of 7.56. Disclaimer: This is not financial advice. Stocks go burr. Overview In business since 1965 and public since 2015, BNED’s main business is operating campus bookstores which emphasize ecommerce and focus on affordability. They also own Bartleby which is a suite of software that assists student learning. A recent development was the addition of a Wolfram|Alpha math solver that “will allow students to access an interactive digital calculator that provides real-time, step-by-step explanations for even the most advanced math problems”. A bright spot is the trend of moving from traditional brick-and-mortar operations to ecommerce and software products. ​ Company Capitalization 377M market cap, upcoming earnings on 3/4 pre-market NYSE ​ Revenue, Profit, and Margin Trends Q1 2021 was the first profitable quarter since Q2 2020 but expected earnings were not met. However, it looks like they crushed it in regards to Q2 2021 expected earnings. Revenue is above 0.5B but profits were only 7.52M last quarter. Little cash on hand and high cost of revenue. EPS: low at only 0.15 ​ Competitors and Industries Lots of competitors but they have somewhat of a moat since campus bookstores tend to be exclusive rights type deals. ​ Valuation Multiples Value Stock P/E: ~ -6.00 average. BNED experienced tremendous growth in its stock price over the last 6 months going up 230%. Although, I’m guessing it’s near the peak of growth and may well go back to being a value stock. ​ Management and Ownership Excellent, experienced leadership from Barnes & Nobles Inc. ​ Balance Sheet Exam Looks like they are going out of business honestly. Low net income and huge cost of revenue. ​ Stock Price History IPO’d at $14.41 but sunk steadily until 2020 hitting a bottom of $1.15. The last 6 months have seen extraordinary growth back to 2018 levels in an apparent reversal of trends putting it back up to $7.70 as of 2/14/21. ​ Stock Options and Dilutions Couldn’t find any info besides some SEC filings on call options from Jan 2021 which are all below the current price. ​ Expectations Short term decline or flatness expected. Expected to increase another 10 - 20% in the medium outlook. Long term, I don’t see it reach its IPO price levels of $15+ but do think it could hit $11. This is mostly based on the stock price trend line not fundamentals. 3.5 on Glassdoor. A lot of good reviews but many complaining about low wages and inconsistent hours in retail positions. ​ Risks Balance sheet is terrible and they aren’t making much money at all. This could easily tank but the recent growth over the last year and some partnerships with companies like Fanatics. I’m expecting it to hit $9 by EOY and steadily moving to $11 after a few more years. Considering their fundamentals, this is a risky (read: stupid) bet.   submitted by   /u/OPmeansopeningposter [link]   [comments]
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  24. SELLING VOLATILE STOCKS (02/05/2021 - Reddit Stock Market)
    When deciding to sell a volatile stock, do we just place our sale prices in rounded numbers or in order to actually execute a sale more successfully, do we need to look at current ASK prices? I've noticed how ask prices can be shown including fractions of a penny. i.e, instead of an exact 10.00 P/S sale price, I've seen target sell prices that in this example can be 9.20. Then at that price a buyer will buy and if not, sale lost over asking by just .80 more. I hope my question was understood but now I think it applies more towards penny stock. Like a price of 0.0238. Anyway, my ask reason is due to something else that's blown me away and I've learned. It's incredibly insane how big a difference in millions or billions of dollars those fractions can amount to. Just by 1 fraction of a penny. Just trying to get all my i's dotted and t's crossed.   submitted by   /u/Humble-Assistant-10 [link]   [comments]
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  25. Wash Sale Question (16/04/2021 - Reddit Stocks)
    So I’m hyper worried about screwing myself on taxes and I think I understand a wash sale correctly, but I just need some reassurance. The question: If I buy a share at 100. The price drops to 90 so I buy another. My cost basis is 95, and the stock comes up to 95. But I have reason to think it’s going to drop more before coming back up. So I sell my 2 shares at 95 and reinvest when it drops back down. Is that going to make the first share ($100) considered a wash since I bought back in after the sale? Basically will the 2 share sale be a +$5 realized gain, or will that still be a +/-$0 when it comes tax time?   submitted by   /u/Logan_KW_ [link]   [comments]
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  26. Netflix explores licensing its content in apparent reversal - report (12/03/2021 - Seeking Alpha)

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  27. Noble reports Q4 results (11/03/2021 - Seeking Alpha)

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  28. Noble reports Q1 results (05/05/2021 - Seeking Alpha)

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  29. Morgan Stanley explores adding Bitcoin to investment options - Bloomberg (14/02/2021 - Seeking Alpha)

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  30. Confused about Wash Sale rules (12/05/2021 - Reddit Stock Market)
    I just started investing with Fidelity and I have been pretty active. I also have some minor OCD so I have made some decisions that I have undone relatively quickly. I bought a number of stocks and ETFs that I regretted a few days later and sold to eventually move into broad market indexes. After a few days, I even sold most of my shares in the broad index to just wait and see what happens with inflation and the rising CPI and to just ease my mind. I think I jumped in too fast. I'm concerned that most of my sales have a small percentage that is a 'Wash Sale'. I understand what a Wash Sale is, but I don't see how that applies to all of these stocks that I bought and then resold a few days later. I know it occurs when you sell a holding for a loss and then buy a similar one within 30 days, but I don't think I did any of that. I never rebought any of these stocks. Would I get a Wash Sale because I sold a stock for a loss then purchased a broad market index? Or do you get a wash sale every time you sell a stock for a loss that you bought in the past 30 days? Also - I sold most of my shares in ITOT today for a loss, and I have a few hundred that is listed as a Wash Sale (positive). Is this because I had purchased the initial stock within 30 days prior? If that is the case, how is it possible to day trade if you are penalized for selling a stock for a loss that you bought within the past 30 days? I'm a new investor and confused.   submitted by   /u/Metalsonicblackjesus [link]   [comments]
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  31. Noble Roman's reports Q1 results (12/05/2021 - Seeking Alpha)

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  32. Noble Roman's reports FY results (22/03/2021 - Seeking Alpha)

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  33. Wash sale rule (30/03/2021 - Reddit Stock Market)
    As I understand the wash sale rule doesn't allow you to sell a stock at a loss and then repurchase it at a lower price to then realize a gain. Essentially it adjusts the repurchase price back to the original purchase price if you had repurchased within 30 days of selling. Does the same rule apply for sales of a stock when you sell for a gain? For example if you sell 5 shares you purchased for $50 at $100 and 10 days later the stock tanks and you repurchase at $10 and then it improves again and you resell at $50 does a similar wash sale implication apply?   submitted by   /u/jayjayaitch [link]   [comments]
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  34. Retail Value sells Noble Town Center for $14M (13/04/2021 - Seeking Alpha)

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  35. Noble Midstream Partners beats on revenue (12/02/2021 - Seeking Alpha)

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  36. Help me understand this Wash sale rule in taxes? (25/03/2021 - Reddit Stocks)
    I have a question about wash sale rule, if I buy on 3/10 25 shares of a XYZ stock @ $100 then on 3/13 price drop then I buy more @$80 then value keeps dropping and on 3/15 I buy 50 shares @$60 so far I own 100 [email protected]$75 average down then again the The stock price keeps falling then decide to sale all my 100 shares on 3/20 at $ 50. Now I have a loss of $2500. Why I can't claim this as a loss if I didn't keep any share? I know I bought share 30 days before but I didn't keep any or bought anymore after 30 days. My Robinhood taxes form added all this as a wash sale loss. I know the point of prevent Wash-sale rules is to prohibit investors from selling a security at a loss, buying the same security again, and then realizing those tax losses through a reduction in capital gains taxes. I didn't sell to claim losses and buy again I did it o avoid of losing more money and I never when back in.   submitted by   /u/GeovannaGavilanes29 [link]   [comments]
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  37. Exclusive: China's Ant explores ways for Jack Ma to exit as Beijing piles pressure - sources (17/04/2021 - Investing.com)

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  38. Ashford Hospitality stock soars 25% after swapping preferred stock for common (01/06/2021 - Seeking Alpha)

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  39. Noble Roman's to open new branch of pizzeria in Indianapolis (10/06/2021 - Seeking Alpha)

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  40. Wash Sale question (11/05/2021 - Reddit Stocks)
    So I’m pretty dang new to trading, this morning I woke up to my fidelity account saying they sold 30.00 of my shares because of a “wash sale”. I tried to do research and found out that it’s an IRS rule stating that you can’t sell a stock and buy the same stock within 30 days or the losses from before are rolled onto the newly bought stocks. My whole issue is.....I never sold a single stock in the first place, all I’ve done is bought and forgot.... any help would be appreciated. Sorry if this is a question everyone asks.   submitted by   /u/PosterOfStinkyShits [link]   [comments]
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  41. How does wash-sale applies to me? (02/05/2021 - Reddit Stocks)
    First of all I didn't knew wash sale applies for multiple accounts. That is completely my silliness. I had 100 stock of x $10 each in account1 bought on January 1. I sold 30 of them in loss at $5 in February 15. Then I bought 5 stock of x in $4 on February 20 in account2. Then I sold remaining 70 of account 1 in $3 in February 28. And I am still holding position in account2. Does this trigger wash sale? How much and in how many stocks/amount? Can I avoid it by end of 2021 as I can wait for position of account2 to be closed for several months. Please forgive me if this question is not applicable in this subreddit.   submitted by   /u/CIsSharp [link]   [comments]
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  42. Coeur Mining upped at Canaccord, cut at Noble after earnings selloff (30/04/2021 - Seeking Alpha)

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  43. Noble Corp. is said to submit bid to purchase portion of Seadrill's assets (05/05/2021 - Seeking Alpha)

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  44. eBay Explores The NFT Digital Token Market, Allowing It To Be Sold On The Platform (13/05/2021 - Reddit Stock Market)
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  45. Square and Noble teams up to digitize live event concession commerce (26/05/2021 - Seeking Alpha)

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  46. Energy Fuels rockets higher after Noble sets Street-high $9 PT (26/05/2021 - Seeking Alpha)

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  47. Wash sale question (26/02/2021 - Reddit Stocks)
    Reading up on wash sales. Does it only matter if the end result is a loss? What if you trigger a wash sale but the sum of all your transactions is a gain? Did that wash sale matter? Are there consequences elsewhere? For example, you bought 200 shares of stock ABC and sold at a 50k profit. The next day, you buy back for fewer shares (50) and are at a loss. Then you sell at a loss when the stock is high (within 30 days and still at a loss) and then buy back in when it’s low. But then you make gains and sell again. Is there a negative to that? Does it matter if the sum of all those transactions is a gain!   submitted by   /u/HSUbablue [link]   [comments]
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  48. Would this be considered a wash sale? (04/06/2021 - Reddit Stocks)
    I sold "X" my entire 100 shares for cost average $20(80shares) Earlier in the day I bought that same stock for $22(20shares). Sold the stock at $21.50 made profit. Closed out of that stock. Bought the same "X" stock the next day for $15. Would this be a wash sale even tho I sold out of the entire stock for profit or does buying it at $22 hold stronger than cost average?   submitted by   /u/orsomethign [link]   [comments]
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  49. Wash Sale - I had no idea (31/03/2021 - Reddit Stocks)
    New retail investor here, about 2 months now. I've done a fair amount of reading to familiarize myself with the basics of buying/selling stocks but never once came across thus. I had about $1,000 in one stock that dropped about 36% over the past week or two, so I decided to cut bait on half of my holdings (highest cost basis shares). What I didn't realize or understand was this thing called a Wash Sale, which increased my cost basis on my remaining shares by about 15% above my previous average cost. At this point I don't know what to do. And before I realized the Wash Sale thing I was actually inclined to buy back more of that same stock at the lower price. I suppose I can't do that for at least 30 days now? Do I now hold them for a year? Thanks in advance for your help.   submitted by   /u/rna32 [link]   [comments]
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