Immersion Corporation: Cheap For Good Reason - Hold

Monty Rakusen After the close of Tuesday's regular session, Immersion Corporation or "Immersion" (NASDAQ:IMMR) reported strong second quarter results. However, the company's recent acquisition of a controlling stake in Barnes & Noble Education (BNED) has resulted in the unfortunate requirement to consolidate the new subsidiary's financial results. The consolidation of Barnes & Noble Education's highly seasonal operations will result in Immersion reporting massive losses in the first half of each calendar ye ...