My wife works for bn.com, and I've met a lot of their employees at after-work functions. Slowly but surely they've been hiring strong talent, and based solely o

My wife works for bn.com, and I've met a lot of their employees at after-work functions. Slowly but surely they've been hiring strong talent, and based solely on what I hear from my wife and see at events, morale seems high. No one I've talked to seems concerned about bankruptcy. Given their share of the e-book market, vs. their current $1B market cap, B&N certainly looks undervalued. There's a reason why firms like Liberty Media have been making bids on the company -- they see money to be made there. Things can always change, but from my (limited) vantage point the two companies aren't on the same path at all.