Barnes & Noble Education, Inc. (BNED): A Bear Case Theory

We came across a bearish thesis on Barnes & Noble Education, Inc. (BNED) on Monopolistic Investor’s Substack by Antoni Nabzdyk. In this article, we will summarize the bears’ thesis on BNED. Barnes & Noble Education, Inc. (BNED)'s share was trading at $11.82 as of 4^th June.

[caption id="attachment_1217786" align="aligncenter" width="768"] An aerial view of a well-stocked bookstore, with customers browsing inside.[/caption]

Barnes & Noble Education (BNED) operates at the intersection of traditional academia and retail, providing textbooks—both digital and physical—while also...