Professional
Added to YB: 2024-07-30
Pitch date: 2024-07-26
BNED [bullish]
Barnes & Noble Education, Inc.
-9.23%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund 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
$9.97
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.31
P/E
-1.93
EV/Sales
0.39
Sector
Specialty Retail
Category
growth
1 Main Capital Partners holding: Barnes & Noble Education, Inc.
BNED: Largest US college bookstore op, 1,245 stores. Launched First Day Complete (FDC) for pre-class materials, 80% rev & 100% GP uplift. FDC rev $300M, up from $100M 2yrs ago. Recapitalized via 5c/share rights offering. Fund invested at 23c, sold at 3x. Now 3% of fund at $10 post 100:1 split. Growth potential from FDC expansion, possible Russell 2000 re-add.
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