Many Wall Street bankers and lawyers who have studied the chain believe it may not be able to avoid liquidation.

WSJ: Borders Nearing Bankruptcy Filing

But the liquidation of a 40-year-old bookstore chain ultimately tells the truth about the brand and how it was managed.

FORBES: Postmortem: A Borders Nonfiction Selection

We think that this concern is overblown because of the large size and fragmentation of the commercial reverse supply chain segment, high barriers to entry for successful penetration into the market, and the incompatibility of an online surplus liquidation business with the aforementioned potential competitors.

FORBES: Students from the McIntire Investment Institute Make the Pitch for Liquidity Services