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Company: Borders Group (BGP)
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1 votes

edit Large amounts of debt and still no profits

Top Contributor: Greg Feirman | Created when BGP was $5.07 | Edit | History

Fundamentally, the company isn’t making any money and it has a lot of debt: about $500 million net.

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edit "Fewer people read books, and when they do they go to Amazon"

Top Contributor: Greg Feirman | Created when BGP was $5.07 | Edit | History

The company is struggling due to competition from online booksellers like Amazon.com (AMZN) and Barnes & Noble (BKS), a hefty debt load, a general cultural trend away from reading books, as well as the tough macroeconomic environment.

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1 votes

edit Fewer people read books, and when they do they go to Amazon

Top Contributor: Greg Feirman | Created when BGP was $5.07 | Edit | History

The company is struggling due to competition from online booksellers like Amazon.com (AMZN) and Barnes & Noble (BKS), a hefty debt load, a general cultural trend away from reading books, as well as the tough macroeconomic environment.

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