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Non-Tech : Borders Group (BGP)

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To: LakesideTrader who wrote (330)5/13/1999 2:32:00 PM
From: J.Y. Wang  Read Replies (3) of 411
 
That's cool.

I live, ran my company, and went to school around Ann Arbor, so I feel a special connection to BGP. However, I don't get emotionally attached to any stock. I still have BGP from 1995 for which my cost was 8 7/16. I'm holding on to it.

I buy books from buy.com. Why? Because they are cheaper than everyone. It's the new retail age where convenience is similar between the retailers, selection is similar, customer service is similar (sucks for everyone I have ever dealt with online), so price is the only differentiating factor. No customer loyalty at all. In my opinion, this will be AMZN's downfall. You live by the sword and you die by the sword.
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