Quote:
Originally Posted by binaryhermit
I wonder what the temperature is in zip code 48169? (That'd be the zip code Hell, Michigan is in, to explain the joke)
And to be serious, B&N seems like there's a good chance its market cap is less than its assets.
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Well, it's not a done deal.
Riggio might still find a way to torpedo the deal.
Or Elliot might run away screaming like W.H. Smith.
But it does look like a cold front might be moving in to at least the fourth circle.
Anyway, their backend infrastructure is almost certainly worth more than their stock price. It's the rest of the business that is tanking.