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NEW YORK ( TheStreet) -- Should investors curl up by the fire with a few shares of Barnes & Noble ( BKS) 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. Cramer said despite a lot of interest in taking companies private, ala Best Buy ( BBY) and Dell ( DELL), he still cannot recommend a stock on a takeover alone when the fundamentals are in decline. 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