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NEW YORK ( TheStreet) -- Should investors curl up by the fire with a few shares of Barnes & Noble (BKS - Get Report) now that the company's founder is looking to take at least part of the company private? Jim Cramer told Debra Borchardt at TheStreet.com Monday he's not a buyer of the news.
While Barnes & Noble's college business remains strong, he said, the company's brick and mortar stores are still feeling the heat from Amazon.com (AMZN), and the Nook tablet products aren't competing well with Amazon's Kindle and other tablets.For that reason, Cramer said he's taking a pass on the once preeminent bookseller. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC