User 174536

Borders to Sell Paperchase: A Good Short-Term Move

The FT article stated a price of 80 million POUNDS, not dollars. Makes quite a difference...

Borders Keeps Us In Suspense

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...