Professional
Added to YB: 2024-12-18
Pitch date: 2024-12-18
BNED [bullish]
Barnes & Noble Education, Inc.
-2.5%
current return
Author Info
Lake Cornelia Research Management provides managed accounts and bespoke advisory services to family offices & investment funds. Follow on Twitter/X.
Company Info
Barnes & Noble Education, Inc. operates bookstores for college and university campuses, and K-12 institutions primarily in the United States.
Market Cap
$410.3M
Pitch Price
$11.61
Price Target
N/A
Dividend
N/A
Sector
Specialty Retail
Category
growth
BNED: From Traditional Bookstores to Digital Education Pioneer
BNED: CEO bullish on First Day programs, TAM 16M students. 925k in FDC. Store count down, but comp sales +3.8%. $20M cost cuts, more to come. $40M shelf offering for growth, potential R2K inclusion. NOL $457M. FCF/share $2+, growing to $4+. Bullish on EBITDA projections.
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