andrewh10

Barnes & Noble's Earnings Call from a Borders Investor's Perspective

Obviously Todd is talking his book because of his BGP position which surprises me to see him involved in such a speculative trade. I would tend to think that Bill Ackerman at Pershing Square Capital Management, L.P. is still very confident in Riggio and the underlying business model. BKS could gobble up BGP here or wait for their deteriorating financial condition to worsen a bit but that does increase the possibility of another firm competing for the goods. Eventually his positions will turn into one holding at the right price. BKS seems very attractively priced at these levels, I would not even be shocked if they get taken private. His stake speaks volumes BKS - 6,540,451 09/17/07 10.10 and BGP - 10,597,880 03/31/08 18.04

Barnes & Noble's Earnings Call from a Borders Investor's Perspective

Obviously Todd is talking his book because of his BGP position which surprises me to see him involved in such a speculative trade. I would tend to think that Bill Ackerman at Pershing Square Capital Management, L.P. is still very confident in Riggio and the underlying business model. BKS could gobble up BGP here or wait for their deteriorating financial condition to worsen a bit but that does increase the possibility of another firm competing for the goods. Eventually his positions will turn into one holding at the right price. BKS seems very attractively priced at these levels, I would not even be shocked if they get taken private. His stake speaks volumes BKS - 6,540,451 09/17/07 10.10 and BGP - 10,597,880 03/31/08 18.04