Market Currents

• Wednesday, May 27, 2009

• 09:24 AM Borders Group (BGP): Q1 EPS of -$0.27 beats by $0.23. Revenue of $641M (-12.1%) in-line. "There are some real execution issues that we have to deal with front and center," CEO Ron Marshall says. Shares +8.2% premarket. (PR) 1 Comment

• Tuesday, April 28, 2009

• 09:00 AM Premarket gainers: PRXL +21%. BCRX +20%. NVAX +16%. SVA +8%. TLAB +6%. BIDU +3%.
  Losers: RAD -15%. UIS -11%. HSII -10%. LVLT -9%. XL -8%. BAC -8%. X -7%. HL -7%. DB -6%. NRTS -6%. GM -5%. RTP -5%. LCC -5%. MT -5%. ING -5%. C -5%. AIG -4%. BGP -4%. LVS -4%. BBV -4%. COF -4%. DAL -4%. ABX -4%. Comment!

• Monday, January 5, 2009

• 08:51 AM Borders Group (BGP) names a new CEO - Ron Marshall who most recently ran a private-equity firm - to replace George Jones. BGP says holiday sales were 11.7% lower than last year's, or -13.6% including superstores. Borders.com sales were just $20.3M over the period. (PR) Comment!

• Tuesday, November 25, 2008

• 15:10 PM Notable earnings after Tuesday's close: BGP, CWTR, JCG, TIVO Comment!

• Wednesday, October 15, 2008

• 09:48 AM Credit Suisse analysts have divided retailers into four camps, essentially preditcting the winners and losers of a "deep consumer recession." Among the winners: HD, LOW, PETM and DKS. Broken firms include SHLD, BGP and ODP. Comment!

• Friday, September 26, 2008

• 12:21 PM Borders Group (BGP) has to sell itself by next week, or risk diluting its existing shareholders by 7.8%. Kudos Bill Ackman. Comment!

• Thursday, August 14, 2008

• 06:15 AM Barnes & Noble (BKS) is not expected to make a bid for its bricks-and-mortar rival Borders, WSJ says. Investors loaded up on Borders (BGP) in recent months in hopes of a bid. Comment!

• Saturday, July 5, 2008

• 19:27 PM Is bookstore chain Borders (BGP) getting into the movie biz? Comment!

• Thursday, June 5, 2008

• 07:38 AM Borders Group (BGP) is selling its Australia, New Zealand and Singapore operations for $110M. That's about $3.5M per bookstore. Comment!

• Tuesday, May 27, 2008

• 15:48 PM Some companies reporting after close: Borders (BGP), Jamba (JMBA), Shanda Interactive (SNDA). Comment!