The only thing you can count on for sure is that Riggio will make sure he personally wins in the end. The shareholders' interest is of no concern to him, that is one thing for sure.
Look at his previous past history - Babbages and BNBN. Both of these deals have really screwed the shareholders and have provided no benefit to the price of BKS (and its shareholders).
This company is run by the most unethical CEO possible. Just this past week Qualcomm has chosen to give its shareholders a stock dividend in the shares of its IPO spinoff - in these same circumstances Riggio chose to give his shareholders nothing except a huge loss in the value of BKS.
This may explain why the price of this loser is going nowhere. With this man's controlling interest in BKS which provides no accountability - who know what is the next item up his sleeve? Maybe BKS will be buying the college bookstores at a huge premium for Riggio...
that's why I bailed from this POS some months ago at 22 3/4 and decided to take my lumps, and go elsewhere. This Riggio scum is out to screw everyone. The Companies ( BKS and BNBN ) stink of self seeking interests and conflicts of interest. Was in BNBN also, and bailed ( thank goodness some time ago as well . PR at BKS and BNBN are basically nonexistent, although they continue to bitch at AMZN's PR. What a bunch of f...ing criminals they are!!
when Riggio sells B&N college bookstores (his privately held chain of appx. 400 stores) to BKS. This means that he is consolidating everything into one basket and getting ready to "explore his options."
I would bet that it will come in the next few years as Lenny in 59 and realizes that the book business - especially the internet book business - takes more energy than he is willing to give.
The only wild card is brother Steve and his future employment requirements.