Professional
Added to YB: 2025-01-14
Pitch date: 2025-01-14
BNED [bullish]
Barnes & Noble Education, Inc.
-20.92%
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
$251.0M
Pitch Price
$10.90
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.31
P/E
-1.93
EV/Sales
0.39
Sector
Specialty Retail
Category
growth
BNED’s 'First Day' Program Growth Fuels Transition to High-Margin Monopoly Model
BNED: Undervalued monopoly subscription biz. 2x EBITDA in 3-4yrs from 'First Day' growth & $20M cost cuts. 15-20% IRR at flat multiple. Upside: debt paydown, capital returns, multiple expansion, PE buyout/Follett merger. 7.2x LTM EBITDA. R2K addition likely. Multibagger potential.
Read full article (1 min)