Barnes & Noble (Nasdaq: BKS) capped off a nice week for its stock by gaining four points to 39-1/8 on Friday. Traders are getting excited about the stock because an IPO is looming for barnesandnoble.com (the online store as a separate entity), which could lead the stock even higher.
In fact, Barnes & Noble could still have a ways to climb. The stock was up another 1/2 point to 39-5/8 in early trading today, but it is still off of its 52-week high of 48. With a price/earnings ratio of 30.33, and perhaps the most high-profile IPO of the year planned, Barnes & Noble could be one of the smartest and most secure e-commerce play for investors.
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