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Non-Tech : Borders Group (BGP)

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To: rrufff who wrote (147)2/4/1999 8:56:00 AM
From: EenieMeenie  Read Replies (1) of 411
 
I bought in at 16 3/8 yesterday. I do not expect to see MSFT or DIS buy Borders, though such an event would be welcome. While it is true that Borders would be an excellent distribution network, neither MSFT nor DIS really needs it. Besides, I think we all know that Mall shopping is going to decline, and BGP is very much involved in this arena. For this reason, I anticipate BGP closing mall stores, beefing up web-presence, and expanding oversees. I lived in France for a year and I was shocked at how poor their best book chains are.

Chris

BGP is a value play right now as it comes up on its 2-year low.
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