This is already a regular ritual – BNED publishes reasonable annual (or quarterly) results, but the stock actually crashes 11% two days in a row. What’s interesting is that yesterday the stock opened up more than 4%, and only after the conference call with the company’s management began, the stock reversed its direction. Unsurprisingly, the financial results were reasonable, but management decided not to publish earnings forecasts for the coming year, and investors apparently interpreted this as something very negative and sent the share down sharply.

Is the decline justified or should you buy the share now? Continue reading the detailed review…