luckily we have some big holders of BKS to challenge riggio when he tries to steal the retail biz. the retail biz is quite profitable with minimum capex requirements. it is the jewel of this company. hopefully a white knight can come in and challenge riggio's bid because there is so much value to this company. i hope that liberty media and tisch step up to challenge a low ball price from riggio.
BKS shareholders really need a large buyer of BKS stock here. with liberty owning 16% through the preferred (at a slightly higher conversion price) and tisch owning 8% there is an outstanding trade opportunity for a hedge fund to acquire 10-20% of BKS to offset riggio's 30% powerful stake. come on bill ackman. get in there! This stock should be well bid as there is an obvious trade for a white knight