The bad week for Barnes & Noble’s stock continued yesterday, with another drop of almost 4 percent on heavy volume, to close below $10 a share for the first time. The continuing fall was sufficient to finally attract the notice of the WSJ’s Heard on the Street column. They’d still like to see BN close more stores, and blame Len Riggio at least in part for taking more cash in the 2009 merger of BN College than the entire combined company is worth in today’s market. (The company has a current market cap of approximately $550 million.) The stock opened […]
