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fjtorres · 10-05-2018, 08:25 AM

There is still value in B&N assets and the sum of the value of these parts exceeds the value of the company as a whole, which is trending ever lower. This is why it is attracting external interest, probably from corporate raider types.

The board has its own plan for "raiding" the company and they don't want anybody muscling in on their action. Hence the poison pill.

Since the pill is nominally for a year only, one would expect the stock to soon fall to a level where Riggio can afford to buy out the rest of the board and take it private to loot at leisure.

He'll " leave it as he found it. "

10-05-2018, 08:25 AM	#5
fjtorres Grand Sorcerer Posts: 11,732 Karma: 128354696 Join Date: May 2009 Location: 26 kly from Sgr A* Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000	There is still value in B&N assets and the sum of the value of these parts exceeds the value of the company as a whole, which is trending ever lower. This is why it is attracting external interest, probably from corporate raider types. The board has its own plan for "raiding" the company and they don't want anybody muscling in on their action. Hence the poison pill. Since the pill is nominally for a year only, one would expect the stock to soon fall to a level where Riggio can afford to buy out the rest of the board and take it private to loot at leisure. He'll " leave it as he found it. "