Borders Group (BGP) Message Board

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Non-Tech : Borders Group (BGP)

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To: stokaholic who wrote (58)	1/7/1999 11:41:00 AM
From: blankmind	of 411

RESEARCH ALERT-ABN AMRO raises Borders CHICAGO, Jan 7 (Reuters) - ABN AMRO said Thursday it has upgraded bookstore operator Borders Group Inc., saying the stock's weakness a day after issuing an earnings warning is a buying opportunity. -- ABN AMRO said the warning, in which the company said it expects to report full-year earnings of $1.14 to $1.18 a share, or about 4 to 7 percent below analysts estimates, was not as bad as it looks. -- Borders blamed weather and an increase in gift certificate sales, which are not booked until the certificates are redeemed, as reasons for the earnings shortfall. -- Shares of Borders were down 6-6/16 at 18-11/16 Thursday and were the second most actively traded on the New York Stock Exchange, with 4.6 million shares changing hands.

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