Riggio Ups B&N Stake - Publishers Weekly

19 Day Until Christmas

Today's trip into the Catosphere took Panzer to the Publishers Weekly site. With just a little digging around there our kitty explorer found a post about the effects of Barnes and Noble's most recent sales report.

According to the post by Jim Milliot, Barnes and Noble founder Len Riggio increased his stock holdings in the company by 1 million shares. Mr. Riggio now owns 19.3 per cent of the company's stock. Last week Panzer told you about the impact of Barnes and Noble's quarterly sales slump on the company's stock price. The post also discusses Sandell Asset Management's proposed (and rejected) take over bid.

Panzer says, "Hmm ... This little kitty thinks when the stock price is low it's a perfect time for Mr. Riggio to buy more shares."

Note: This is a short post. Bring a cup of tea and half a muffin for today's reading selection.

To read today's post, tootle over to Barnes and Noble

To read the post about Barnes and Noble's quarterly sales slump, tootle over to Barnes and Noble's sales slump