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What: Shares of book and Nook seller Barnes & Noble
So what: On the bright side, sales of B&N's Nook reader were up significantly from last year's holiday season. However, those sales look like they'll miss expectations. Worse, investments that B&N has made to help fuel that growth are also fueling a much-larger-than-expected loss for the year.
If you ask B&N management, though, the Nook business is absolutely one worth owning -- perhaps even on its own. In its comments today, B&N noted that it's exploring strategic options for the Nook business, including spinning it off.
Now what: I have a really tough time getting excited about Barnes & Noble as an investment. On one hand, you have a brick-and-mortar bookseller. It's done better on that side than its bankrupt rival Borders, but it's an imperiled business nonetheless. On the other side, there's a promising growth business in the Nook e-readers. That's a more interesting segment, but it's costly, and it's going head-to-head with Amazon.com
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Fool contributor Matt Koppenheffer has no financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.