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Borders Earnings / Debt Reduction Beat Estimates

 Aug 26, 2008 06:49 PM UTC
Return Risk
-21.37% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
BGP n/a

Graphic_arrow1 Via Todd Sullivan's ValuePlays:  

The really good news here is the reduction of debt by almost 40% YOY.

From the release:
Borders Group, Inc. (BGP) today reported results for the second quarter, ended Aug. 2, 2008. The company generated a second quarter loss from continuing operations of $11.3 million or $0.19 per share, which represents an improvement over the same period last year when Borders Group recorded a loss of $18.1 million or $0.31 per share. On an earnings per share basis, this represents an improvement of...



Continued at Todd Sullivan's ValuePlays






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