- The Liberty Media sale was actually a good thing for B&N in context so the market reaction seems confounding and overdone.
- NOOK Media losses continue to mask the profitability of B&N's core ops.
- Data suggests the threat of e-books to B&N's core business is not as bad as most think.
- Both B&N's core business and NOOK Media have improved in the last few quarters.
- I see 43.9% upside from $17.16 per share to $24.69.