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Strategies & Market Trends : Value Investing
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To: Allen Furlan who wrote (11784)1/10/2001 9:15:32 PM
From: rjm2   of 78899
 
I am under the impression that the publishers take much of the risk. Indeed, they even have a discount store here where there are (used to be...havent been in a year or so) thousands & thousands of books, many with the covers removed for sale for $1. This suggests that if they return the covers, the publisher eats the cost.
However, I would think that a lot of them would be on the balance sheet as an account payable.
Clearly they should stop building new stores and focus on making their remaining stores profitable. But they opened a new one about 3 miles from my house a few months ago.
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