Quote:
Originally Posted by Apache
About as smart as one failing company buying another failing company. ie: Sears and Kmart.
Apache
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The Smart part is Elliot got B&N so cheap they make money if they close all the stores and sell the warehouses and logistics chain to somebody like Ingram. The stores are depressing the overall value of the rest of the company.
In the near term, they can try to fix the stores before IPOing the fixed company. And if they fail, they can liquidate and still come out ahead.