Don't let Leonard Riggio steal Barnes & Noble's (BKS) retail business, writes Andrew Bary,...

|About: Barnes & Noble Inc (BKS)|By:, SA News Editor

Don't let Leonard Riggio steal Barnes & Noble's (BKS) retail business, writes Andrew Bary, arguing the operations are worth $19/share. Microsoft's and Pearson's investments suggest BKS' Nook stake is also worth $19/share - surely a fanciful figure, but Nook is clearly worth more than zero, he says. The board has alternatives: a large dividend, a spinoff of Nook, or sale of the entire company.