![barnes and noble stock barnes and noble stock](https://assets.goodereader.com/blog/uploads/images/2019/06/01012106/Barnes_and_Noble_Hendersonville_TN_USA-scaled.jpg)
Of course, the market is the ultimate arbiter of value. He commented, "in my experience, most companies sell when they believe their shares are expensive." Stewart added the ultimate cut by stating that putting itself up for sale amounted to "rendering it the corporate equivalent of the remaindered books it sells at a discount." It stated that the decision was made because the Board believes its stock is "now significantly undervalued." A contrary point of view was expressed by James B. In a news release, the company announced its "Board of Directors intends to evaluate strategic alternatives, including a possible sale of the company, in order to increase stockholder value." The Board hired Wall Street firm Lazard to serve as their financial advisor. Last month, the company announced, in effect, that it was putting itself up for sale. Barnes and Noble has been waging an uphill battle for years against online retailer, and its competitor has regularly gotten the better of B&N for a long time. The word "potential" must be used with any moves the company makes at this point, as the viability of any large chain of bookstores in this digital age is not beyond question. Barnes and Noble, America's largest bricks and mortar bookseller, made two potentially important announcements this past month.