Posts Tagged ‘bgp’

• What to Short When The Rally Dies??
  ToddSullivan, April 17th, 2009 at 9:10 am, Comments: 0

  So, I have been droning on for what seems an eternity (few weeks) that I feel this market rally is just over done and due for a fall. I still feel that way but am getting to the point I am going to put some money where my mouth is. Now, don’t get me wrong. [...]

• Borders and It’s Inventory
  ToddSullivan, April 3rd, 2009 at 8:48 am, Comments: 0

  Been reading a lot of comments on Borders (BGP) recent quarter. The general theme is that Borders is cutting inventory too much, can’t cut it anymore, and in doing either is risking not carrying titles people want. Some clarifaction is necessary. Notes from the recent earnings call Q&A: Ron Marshall What’s important is while I [...]

• Borders Files 8-K: Debt Reduced 39%
  ToddSullivan, April 1st, 2009 at 10:34 am, Comments: 0

  Borders filed its 8-K for Q4 this am. Highlights: • On a full-year basis, cash flow from operations improved by $128.6 million at year-end as SG&A expenses were reduced by $96.5 million and inventory was reduced by $326.8 million. • Debt at year-end was reduced by $217.8 million to $336.2 million—a 39.3% reduction. • Total [...]

• Borders and Pershing Amend Financing Agreement
  ToddSullivan, March 31st, 2009 at 1:29 pm, Comments: 0

  This eliminated any liquidity concerns for at least the next year. From Borders NN ARBOR, Mich., March 30 /PRNewswire-FirstCall/ — Borders Group, Inc. (NYSE: BGP) and Pershing Square Capital Management, L.P. today announced a one-year extension of the $42.5 million senior secured term loan from April 15, 2009 until April 1, 2010. The loan will [...]

• Borders Seeks Reverse Stock Split
  ToddSullivan, March 13th, 2009 at 9:37 am, Comments: 0

  This only is am attempt to get Borders (BGP) share price over $1 to avoid delisting on NYSE. Mlive reports: Borders Group Inc. plans to ask its shareholders to approve a reverse stock split at its annual meeting in May, the Ann Arbor-based bookseller said today. A reverse stock split would combine multiple shares of [...]

• The Digital Deminishment of FedEx and UPS?? $$
  ToddSullivan, February 2nd, 2009 at 10:32 am, Comments: 0

  So, I read the following article today and it got me thinking. Now, I am not saying either are doomed just that technology may just sap much of the growth from them going forward. First the article: Entrepreneur Frederick W. Smith identified a pressing business need: important documents had to reach their destinations within one [...]

• What To Buy? What Doesn’t Need Credit?
  ToddSullivan, January 23rd, 2009 at 10:28 am, Comments: 0

  As I look at the universe of stock I watch, one thing keeps coming to mind, who’s business does not rely on consumer or corporate credit? Today GE (GE) reported: Fourth-quarter 2008 earnings from continuing operations of $3.9 billion, or $.37 per share before preferred dividend, or $.36 per share attributable to common shareowners. Results [...]

• Pershing Square Files 13D/A In Borders Group $$
  ToddSullivan, January 20th, 2009 at 2:43 pm, Comments: 0

  The good news for shareholders is that Ackman is in this thing (Borders (BGP))for the long haul… From the filing:As of January 16, 2009, as reflected in this Amendment No. 9, the Reporting Persons are reporting beneficial ownership on an aggregate basis of 25,297,880 shares of Common Stock (approximately 33.62% of the outstanding shares). This [...]

• Pershing’s McGuire Named Borders Chairman $$
  ToddSullivan, January 13th, 2009 at 10:25 am, Comments: 0

  So, we now know what the delay was for in the Pershing / Borders financing agreement. Borders Group (BGP) today announced that Richard “Mick” McGuire, 32, has been appointed non-executive Chairman of the company’s Board of Directors, effective today. He replaces Larry Pollock, 61, who has been non-executive Chairman since July 2006 and has been [...]

• Reader Emails Answered: Oil, Financials, Recession, Dollar etc..
  ToddSullivan, January 12th, 2009 at 11:52 am, Comments: 0

  Been getting a slew of emails the last months and rather than say the same things over and over, thought I would address them in a post since the themes are all similar.. 1- Financials:Will not be touching them and are currently waiting for Wells Fargo (WFC) to rally a bit to sell out of [...]