Barnes & Noble is now up for sale, but nobody, it seems, has mentioned Amazon in the sweepstakes for the embattled book retailer.
An auction wouldn’t be much of a sweepstake. And that’s exactly why Amazon should try to buy. Amazon can outbid anybody for B & N, which is less than $400 million in market cap, while Amazon has about $20 billion in cash on hand.
For Amazon, why not just take whatever market share B & N has in the book market and sell on its platform? Amazon could just add to its books inventory.
The only question, in my mind, is what to do with B & N’s real estate. Does Amazon want start looking for buyers of buildings it would inherit?
In any event, stay tuned for TheStreet’s coverage of Barnes & Noble all day Thursday Oct. 4. Also, check out the stock of the day, Constellation Brands.
Join Jim Cramer in New York on Oct. 13 for “Invest Like the Pros: Jim Cramer’s Boot Camp for Investors” Buy your tickets here.
SUBSCRIBE |
_
Want to Buy $1 Worth of Stock for 90 Cents or Less? You can with certain so-called “closed-end” mutual funds – an often overlooked investment class. Click here to register for a free online video in which TheStreet’s retirement expert Robert Powell and an all-star panel tell you all you need to know–
___
You can also find us on…
ACTION ALERTS PLUS |
FACEBOOK |
TWITTER |
PODCASTS |
THESTREET.COM |
LINKEDIN |
INSTAGRAM |
Sign up for ActionAlertsPlus.com today for exclusive insight into Jim Cramer’s charitable portfolio:
source
