Is our children learning?
I was reading this editorial that states some of the reasons for not investing in Barnes and Nobels as “future revenue gains will be miserly because of competition from video games, the Internet, TV and a declining literacy rate.”
They say that during economic downturns people have more time to read books. The problem this time around is that people will probably be reading them on the internet or handheld devices, and BKS hasn’t done much to capture the internet market.
Amazon is moving forward with the announcement of their new ebook system, Blockbuster is expanding the business with their Netflix-like services. As much as I like Barnes and Nobels, they are one of the brick and mortar companies that are going to be left behind for not upgrading their technology.
As far as entertainment stocks I have me some AMZN, and am thinking that HAST looks like a pretty good buy - depending on how their earnings come out tomorrow. Might buy some after lunch.