Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: rjm2 who wrote (11808)	1/11/2001 1:48:03 PM
From: Bob Rudd	Respond to of 78750

rjm BAMM: . >I do wonder if they have some stores that will need to be closed or written down.< The CC indicated 146 superstores, 39 booklands [mall] & 3 newstands, which, without looking, I believe is a rise in superstores and decline in mall-based booklands. One of the reasons I didn't like Borders when Mike B mentioned in on the thread [a Dreman fav.] was the mall-based stores. I suspect these will be candidates for closure. On the CC, they said they opened 3 superstores in the 4th Q, but didn't expect to open more stores 'this fiscal year'. Since the fiscal year closes in 3 weeks, I'm wondering if they meant year ending 1/01, or year ending 1/02. It would seem to me that the share price should tell them they need to chill and consolidate - growth uses cash.