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Barnes & Noble, Inc. Message Board

  • kalkid420 kalkid420 Jun 1, 2012 2:41 PM Flag

    if BKS was going bankrupt why would mSFT put money and Malone fom liberty have

    a stake and why would the real insiders be holding on with big stakes and personal net worth -- ALL can't be wrong

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    • Cuz it's sitting on their balance sheet doing nothing right now...this way a bunch of it comes back to them as license revenue. Netscape turned this into an art form. And since they own almost 20% the chance of a trustee trying to recover it as a preference payment when BKS goes bankrupt is quite low. This is also why nobody cares about the implied MSFT valuation of this business...there is the valuation with the license revenue and then there is the 1.7B valuation without.

      I plan to cover my short position under 10.

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