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2 pts

Late summer bestsellers won't be enough to save the bookstores

 Aug 04, 2008 11:15 AM UTC
Return Risk
+15.20% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
BGP Negative 08/04/08 +86.37% --
TWMC Negative 08/04/08 +48.32% --
AMZN Negative 08/04/08 +49.62% --
WMT Negative 08/04/08 +9.95% --
SCHL Negative 08/04/08 +46.41% --
BAMM Negative 08/04/08 +65.02% --
BKS Negative 08/04/08 +35.37% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Competitive strategy, Wal-Mart (WMT), Amazon.com (AMZN), Stocks to Sell

The Wall Street Journal reports (subscription required) of upcoming releases this summer such as Andrew Davidson's The Gargoyle, New York Times reporter David Carr's memoir The Night of the Gun, and Ron Suskind's The Way of the World: A Story of Truth and Hope in an Age of Extremism.

There's a separate article on the release of Stephenie Meyer's book Breaking Dawn, which The Journal calls a "vampire romance novel." Borders Group (NYSE: BGP) said it has sold 250,000 copies in the first 24 hours following the book's release.

That's an impressive number, and it may be some cause for hope for shareholders who have taken a beating in booksellers like Borders, Barnes and Noble (NYSE: BKS) and Books-a-Million (NASDAQ: BAMM).

But don't get too excited. Since the first American edition of the f...



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