Skepticism abounds regarding G Asset's "offer" for B&N

|By:, SA News Editor

There's plenty of skepticism G Asset Management has the resources to make good on its latest Barnes & Noble (BKS) acquisition offer. One major reason: A 2012 Form D filing indicating the firm raised only $1.75M in an offering.

David Faber: "[G Asset] runs very little money and I mean very little. Not sure if he lives at home with his parents, but you get the idea."

B&N closed at $17.69, nearly 20% below G Asset's offer price.