BSCLossMan

Why We Doubled Our Position in Borders

I'm no expert, and I agree with everything Mr. Tilson says, but I have only one caveat and question. Everything I read on the subject of BGP leads me to believe the Barnes & Noble does not want to buy BGP because of cross-over in stores. BGP would be much better off allowing BGP to file bankruptcy and then cherry-picking the stores it wants at fire-sale prices. And I don't know why any other company (such as private equity) would buy BGP. Maybe I'm wrong, but I'm afraid of bankruptcy, and that's the only reason I don't buy it. Am I right or wrong?