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Borders Group, Inc. F1Q09 (Qtr End 05/02/09) Earnings Call Transcript
Borders Group, Inc. BGP F1Q09 Earnings Call May 27, 2009 8:00 am ET
Borders Group, Inc. F1Q09 (Qtr End 05/02/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions The first question comes from the line of Matt Fassler – Goldman Sachs. Analyst for Matt Fassler – Goldman Sachs You mentioned promotional discounting contributed 10 bips to your improving product margin. Any other thoughts on the promotional environment or are...
Is Borders Cutting Inventory Too Much?
Todd Sullivan submits: I've 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. by Todd Sullivan
Borders Turnaround Is Happening Despite Downturn
Todd Sullivan submits: Borders BGP filed its 8-K for Q4. 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. by Todd Sullivan
Borders Group, Inc. F4Q08 (Qtr End 1/31/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Matt Fassler – Goldman Sachs Matt Fassler – Goldman Sachs As you look at the drags on gross margin, the offsets to the progress that you made, I presume that you delivered them in the order of their impact but...
Borders Avoids NYSE Delisting by Splitting Stock
Todd Sullivan submits: This only is an attempt to get Borders BGP share price over $1 to avoid delisting on NYSE. Mlive reports: by Todd Sullivan
New Food Labels Follow Meat Over Borders
New food labels regulations set to take effect in March will not just tell consumers where their meat is from â€" it will also say where that package of ground beef was originally born, raised and slaughtered. by Christina Salerno
Borders Group and Pershing Square Further Extend Financing Agreement Deadlines to April 15
Q4/Full Year 2008 Results for Borders Group to be Issued March 31 after Market Close with Conference Call for Investors at 8 a.m. April 1 ANN ARBOR, Mich., Feb. 13 /PRNewswire-FirstCall/ -- Borders Group, Inc. and Pershing Square Capital Management, L.P. on behalf of its affiliates today...
Nuclear Draws Borders With Siemens Sale of Areva Stake
One of today's top news items in the energy sector is German conglomerate Siemens' sale of its shares in French nuclear firm Areva. The stake amounted to about a third of Areva's shares, valued at $2-3 billion. The sale of shares back to Areva doesn't appear to...
Bill Ackman's Pershing Square: Portfolio Update
Market Folly submits: Pershing Square Capital Management, the hedge fund ran by Bill Ackman, has filed an amended 13D with the SEC and has disclosed a 33.62% ownership stake in Borders BGP. According to the filing: As of January 16, 2009, as reflected in this Amendment No. 9,...
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