November 19 – November 26, 2009 Edition

Goldman Sachs Leary of Barnes & Noble Stock

NEW YORK, NY/Authorlink News/11/18/09–Goldman Sachs, early this week, reiterated its "Sell" rating on shares of Barnes & Noble (NYSE : BKS ). The move followed the doubling of a stake in the company by private equity American business billionaire Ron Burkle, increasing his holdings in B&N from 8% to 17%.

Burkle founded The Yucaipa Companies, LLC, a Los Angeles -based holding company, in 1986, focusing on private equity investments. Yucaipa has a history of highly successful leveraged buyout investments.

Goldman believes that this purchase does not change the fundamental weakness of BKS's business, specifically "the impact of digital distribution of written content on a high-overhead retail model," according to the stock information site, .

Goldman's 12-month price target on BKS shares is maintained at $18.

A Sell rating is a dealer's advice to holders of a particular company's shares to sell them.