Investment Group Acquires 5.7% Stake in B&N - Publishers Weekly

Today's trip into the Catosphere took Panzer to the Publishers Weekly (PW) site. With no digging at all our traveling kitty pilot found a post about Barnes and Noble.

According to the post by Jim Milliot, in a filing with the Security and Exchange Commission it was disclosed that Schottenfeld Management Group now owns 5.7 percent of Barnes and Noble stock. While this doesn't sound like a major investment in the company, Schottenfeld Management Group is already holding meetings with the Barnes and Noble Board of Directors. In these meetings Schollenfeld is making suggestions about changes within the company. These changes are supposed to be ways for Barnes and Noble to save money. There's no mention in the post if Barnes and Noble intends to make the changes or not.

There's something here I don't understand.

Panzer says, "Hmm ... This little kitty wonders why Schollenfeld can meet with the Board of Directors and tell them what to do."

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

To read the post tootle over to Barnes and Noble