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Barnes%20%26%20Noble<%2Fa>%20combines%20a%20low%20stock-market%20valuation%20with%20a%20solid%20fundamental%20story%20that%20is%20still%20underappreciated.%0D%0A%0D%0A%20%20Shares%20of%20the%20country's%20dominant%20bricks-and-mortar%20bookseller%20have%20risen%2039%,%20to%20$23,%20since%20Barron's<%2Fem>%20published%20a%20bullish%20feature%20last%20spring%20("Why%20Barnes%20%26%20Noble%20Could%20Double,"<%2Fa>%20May%2026).%20But%20they%20could%20hit%20the%20$30s%20in%202015%20if%20the%20company%20separates%20Nook,%20its%20digital%20unit,%20from%20the%20rest%20of%20its%20business%20by%20August,%20as%20expected.%20Barron's<%2Fem>%20sum-of-the-parts%20valuation%20for%20B%26N%20(ticker%3A%20BKS)%20was%20$36%20in%20our%20article;%20if%20anything,%20that%20was%20conservative,%20as%20it%20assigned%20no%20value%20to%20Nook.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Faggregatedcontent%2Fpromising-new-chapter-barnes-noble%2F" target="_blank" class="email" data-post-id="17668" type="icon_link">
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Barnes & Noble combines a low stock-market valuation with a solid fundamental story that is still underappreciated.
Shares of the country's dominant bricks-and-mortar bookseller have risen 39%, to $23, since Barron's published a bullish feature last spring ("Why Barnes & Noble Could Double," May 26). But they could hit the $30s in 2015 if the company separates Nook, its digital unit, from the rest of its business by August, as expected. Barron's sum-of-the-parts valuation for B&N (ticker: BKS) was $36 in our article; if anything, that was conservative, as it assigned no value to Nook.
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