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Originally Posted by fjtorres
Odds Riggio would be making the move if he *didn't* have a deal lined up?
That's how those boys operate: first they line up the deal, then they go through the motions.
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Yeah, well, maybe. Keep in mind that at $12/sh Leonard Riggio's options are pretty limited. Frankly, the closing stock price for the past few years would only bring tears of joy to a downhill skier ....
Quote:
Originally Posted by davidspitzer
according to their balance sheet last year they sold nearly a billion dollars in music, music movies and mobile apps, sounds like content is doing ok for them
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Which, actually, is exactly my point: B&N has a lot of good stuff going for it -- retail presence, the college market, a billion dollar online business and a great brand name. I find it really hard t believe that a network of nearly 800 book-stores in the US can't find cost savings synergies beyond closing stores and firing staff.
Geez: lots of people buy books and other stuff in bookstores. B&N has the opportunity to really thrive. BUT, it comes back to execution -- minding the details and ensuring the customer experience is as flawless as possible every time you touch the customer.