Seeking Alpha

User 174536 » Comments » Single Comment |

  • Borders Keeps Us In Suspense [View article]
    I'm surprised nobody has mentioned that BGP is trading below tangible book value, while BKS is trading at 2-3x book value. This seems like a no-brainer buy to me. The new concept stores are apparently doing better than expected. Due to the financing agreement today, BGP has a big incentive to sell itself by October.

    The only thing I don't like is BGP buying back tons of stock a couple years ago around $20, and now issuing a bunch of warrants at $7. Talk about a waste of capital. Way to return money to the shareholders...
    Apr 07 16:30 pm |Rating: 0 0
All Comments by User 174536 »
Comments by Ticker
User 174536's
Comments Stats
8 comments
Rating: 5 (11 - 6 )