A Digital Book World panel on Tuesday presenting how Wall Street views bookselling and the future of bricks and mortar brought an outside dose of reality via Goldman Sachs analyst Matt Fassler and Susquehanna Financial Group’s Marianne Wold. Fassler covers Barnes & Noble’s stock (and used to cover Borders when they were big enough to be worth following), but is down on their prospects: “There are no safe investments, but publishers and booksellers are something to avoid” in his assessment, because they don’t control their own destiny. He believes that, while the retailer’s investment in Nook was necessary and prudent, […]
