Posts Tagged ‘bgp’

• Monday, Bloody Monday at Borders $$
  ToddSullivan, January 5th, 2009 at 10:15 am, Comments: 0

  Ron Marchall has the experience, that cannot be argued. What I have not found yet are the ties to Bill Ackman and Pershing. This must be the reason for the delay in the Pershing financing agreement. Borders Group (BGP) today announced several management changes–including the appointment of a new Chief Executive Officer–to more aggressively drive [...]

• 2009: Fear and Loathing $$
  ToddSullivan, December 23rd, 2008 at 2:52 pm, Comments: 0

  2009 is shaping up to make 2008 look like the good ‘ole days… Why? Let’s look at some issues… STIMULUS: Won’t it make a difference?No. government stimulus is great in that is provides a nice immediate effect. It has a tremendous long term cost though. For the gov’t to hire it must either take from [...]

• Borders Extends Deadline for Pershing Deals $$
  ToddSullivan, December 22nd, 2008 at 11:43 pm, Comments: 0

  Another month to wait….. Borders Group, Inc. (NYSE: BGP) today announced an agreement with Pershing Square Capital Management, L.P. on behalf of its affiliates, to extend the expiration date of the previously announced Borders option to “put” its U.K.-based Paperchase gifts and stationery business to Pershing Square for $65 million, subject to certain conditions. The [...]

• Borders To Try Alternate Model
  ToddSullivan, December 16th, 2008 at 11:02 am, Comments: 0

  This does make sense… The WSJ Reports Borders Group Inc. has agreed to accept books from HarperStudio on a nonreturnable basis, departing from a decades-old publishing tradition. Under the terms of the deal, the nation’s second-largest bookstore chain by revenue will get a deeper discount on initial orders of books published by the new imprint [...]

• Tuesday’s Links
  ToddSullivan, December 16th, 2008 at 1:41 am, Comments: 0

  Borders, Geo-politics, NetFlix, The dollar, – Top Retailing site – Job may not be biggest threat – Cheap entertainment – Here comes the fall Disclosure (“none” means no position):Visit the ValuePlays Bookstore for Great Investing Books Enter your Email Preview | Powered by FeedBlitz

• Why Did Borders Stock Fall? "Alternative Financing Transaction"
  ToddSullivan, December 11th, 2008 at 11:40 am, Comments: 0

  Three little words have cast doubt on the retailer that otherwise is doing everything it said it would. In reviewing the last earnings call Borders (BGP) has made significant progress this year on all stated goals.. * Debt down over 30%* Cash flow from negative $100m to plus $9 million* Cost cuts surpassed the $120 [...]

• Don’t Hold Current Managment Responsible For The Sins of The Prior One
  ToddSullivan, December 1st, 2008 at 3:10 pm, Comments: 0

  First, I have respect for Jeff Matthews and link to his stuff often, but this time, he misses… Matthews writes: The poster child of poor capital management might just be Borders Group. Borders, which runs one of our favorite book stores in the country (Union Square in San Francisco) and goes by the ticker BGP, [...]

• Borders and Pershing…..A Very Interesting Idea
  ToddSullivan, November 26th, 2008 at 4:12 pm, Comments: 0

  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 [...]

• Sears…A Reader Submission.
  ToddSullivan, November 26th, 2008 at 4:48 am, Comments: 0

  Reader Justin submits: Why Sears (SHLD) is NOT going bankrupt? In this volatile market, anyone can say anything to put downward pressure on a stock. In many cases deserved, in some cases absurd, and in the case of Sears a little of both. Let’s start with the deserved part. Obviously, retail is doing terrible this [...]

• Borders Q3 Results
  ToddSullivan, November 25th, 2008 at 7:11 pm, Comments: 0

  Have not had a chance to go through the numbers yet and want to wait until the conference call tomorrow but here is the news and some initial thoughts… Borders Group, Inc. (NYSE: BGP) today reported results for the third quarter, ended Nov. 1, 2008. On an operating basis, the consolidated loss from continuing operations [...]