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You're correct, I miscalculated their annual loss (but not from their expense line). The assets and liabilities are literally from these lines on their balance
by skuhn 12y ago
You're correct, I miscalculated their annual loss (but not from their expense line). The assets and liabilities are literally from these lines on their balance sheet:
Total Assets 3,835.75
Total Liabilities 2,627.98
Per:
http://www.bloomberg.com/research/stocks/earnings/earnings.asp?ticker=BKS http://www.bloomberg.com/research/stocks/earnings/earnings.a...
"2014 revenues at Barnes & Noble, Inc. totaled $6.4B USD, while annual losses equaled $1.12 per share."
B&N has 60.24M shares outstanding. That makes their annual loss $67 million. They do indeed have a longer runway than I anticipated, but I still feel that they run a business in decline. Their saving grace from a few years ago (Nook) is now an albatross. What is their next move?