On one hand, it is a reminder of just how small we truly are – today’s news? Barnes and Noble has posted a $62 million dollar loss IN THE FIRST QUARTER! Man, oh man. They could have sloughed off one percent of that in my direction and I could have shown them a profit!

How does one LOSE $62 million in three months?

Well, they claim it mostly went to legal expenses related to their proxy fight with billionaire Ron Burkle. In other words – they aren’t battling the bookselling competition, they’re fighting within themselves. There has to be a big-business lesson in there somewhere…

In the meantime, we small potatoes keep hunkering down here in the economic dirt, paying our bills, living frugally, and staying out of the offices of attorneys (no offense to our non-gratis legal friends).

On the bright side, Barnes and Noble saw revenues increase to $1.4 BILLION. Man, oh man, again! What a savvy seller couldn’t do with just a small percentage of that cash-flow!