"Borders is trading at 86 cents a share and has a market cap of 62 million dollars. It has around 700 locations valuing them at less than $100,000 per store"

That's a pretty shocking figure if you ask me. It's hard to believe when you hear about some startups raising a few millions over an idea without any business model... (e.g. come to mind the young though very popular Path and Flipboard: $2.5M for the former, $10M for the latter, and I imagine valued in the same range as Borders for these rounds)

I know that comparing web-startups to a brick-and-mortar business is not as simple as that, but it does put things in perspective.