Professional
Added to YB: 2020-10-01
Pitch date: 2020-10-01
BNED [bullish]
Barnes & Noble Education, Inc.
-96.51%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
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
$259.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.31
P/E
-1.93
EV/Sales
0.39
Sector
Specialty Retail
Category
turnaround
Greenhaven Road New Position - Barnes & Noble Education ($BNED)
BNED: Operates 1400+ college bookstores, now facing COVID headwinds. Oppy in renegotiable leases & digital initiatives like study aids, e-books linked to school LMS. Partnered with colleges to reach millions of students. Bought at $100M mkt cap, 1/20th of sales vs peers at 20x. Upside potential post-COVID normalization.
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