Whitney Tilson, managing partner at value investment firm T2 Partners, was on CNBC to discuss his switch from short to long position in Barnes and Noble (BKS, Financial) a week ago and how that switch has born good results with Barnes and Noble up 66% in one day after his Microsoft (MSFT, Financial) investment.
He still thinks that stock is undervalued in the low $20s and he will start to exit in high $20s. His estimate of intrinsic value is about $30.
Here is the video:
He still thinks that stock is undervalued in the low $20s and he will start to exit in high $20s. His estimate of intrinsic value is about $30.
Here is the video:
