Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Barnes & Noble (NYSE: BKS) slid more than 10% for the second day in a row following yesterday's news the bookseller would suspended its dividend to free up $60 million in cash flow to invest in the digital side of its business.

So what: Yesterday, Foolish colleague Matt Koppenheffer compared B&N to Ice-T racing madly through the woods in the B-movie Surviving the Game. To me, the scene feels a lot more like the Colonial fleet trying to escape the Cylons in the Scyfy Channel's excellent reimagining of Battlestar Galactica.

Now what: The competition is just as tough. Google (Nasdaq: GOOG) has created a store for any device in a move somewhat reminiscent of Amazon.com's (Nasdaq: AMZN) strategy to spread its Kindle store far and wide. Barnes & Noble was never going to have an easy time in that environment. It certainly hasn't so far.

In the closing episode of Galactica (spoiler alert!), the relative handful of survivors left from the original 50,000 colonists spread across a new planet stuck in a prehistoric age. Their aim? Start over from scratch, or die trying. Barnes & Noble's fate may prove to be no better.

Interested in more info on Barnes & Noble? Add it to your watchlist.

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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He owned shares of Google at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is also on Twitter as @TheMotleyFool. Its disclosure policy is at least 10% better than other disclosure policies.