Borders Group, Inc., through its subsidiaries, operates book, music, and movie superstores. It also operates mall-based bookstores. The company's Borders superstores segment offer books, bargain books, music, movies, and periodical titles across various categories, which include jazz, classical, and world music, as well as a range of DVDs focusing on new release and catalog movies. It also provides gifts and stationery, as well as feature cafes. Its Waldenbooks Specialty Retail stores segment operates small format stores in malls, airports, and outlet malls that offer new releases, hardcove...
Borders is underperforming for a big company in this sector. Recent pick up of the web site from AMZN will likely add to turn around and bring BGP into the internet marketplace more vigorously where it was lacking which should increase it's competitiveness. It is a bargain now, the question is do you believe that BGP can turn things around and grow. I do.
Still have not listened to the earnings call yet but will get to it. Had to go pick up the 34lb. turkey for tomorrow. Anyway, had this great idea emailed to me today from JB..
"What would happen if Pershing Square guaranteed all of Borders (BGP) debt (maybe for a small fee). The stock would skyrocket wouldn't it? The reason the stock has been hammered in addition to the slowing consumer/macro environment is b/c of the heavy debt load. Eliminating a major concern should get the equity...
Still have not listened to the earnings call yet but will get to it. Had to go pick up the 34lb. turkey for tomorrow. Anyway, had this great idea emailed to me today from JB..
"What would happen if Pershing Square guaranteed all of Borders (BGP) debt (maybe for a small fee). The stock would skyrocket wouldn't it? The reason the stock has been hammered in addition to the slowing consumer/macro environment is b/c of the heavy debt load. Eliminating a major concern should get the equity moving significantly. Keep in mind that all of BGP's debt is a credit facility with no restrictive cov...
Still have not listened to the earnings call yet but will get to it. Had to go pick up the 34lb. turkey for tomorrow. Anyway, had this great idea emailed to me today from JB..
"What would happen if Pershing Square guaranteed all of Borders (BGP) debt (maybe for a small fee). The stock would skyrocket wouldn't it? The reason the stock has been hammered in addition to the slowing consumer/macro environment is b/c of the heavy debt load. Eliminating a major concern should get the equity moving significantly. Keep in mind that all of BGP's debt is a credit facility with no restrictive cov...
Borders Group(BGP) late yesterday said it is “no longer contemplating” the sale of the company. (You have to think that’s because they can’t find anyone to buy it.) That news, combined with some fairly ugly results for the fiscal third quarter ended November 1, has the stock reeling. Combined with the recently punk numbers from Barnes & Noble(BKS), the latest results suggest all is not well in the book selling business, providing one more reason to worry about current sales at online book selling king Amazon.com(AMZN).
Borders reported Q3 sales of $682.1 million, well short of the Street
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About Borders Group Inc.
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