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Non-Tech : Borders Group (BGP) -- Ignore unavailable to you. Want to Upgrade?

To: blue_lotus who wrote (240)	3/9/1999 3:43:00 PM
From: LakesideTrader	Respond to of 411

Is there some reason you don't do your web ordering through Borders?

To: blue_lotus who wrote (240)	3/9/1999 4:53:00 PM
From: The Philosopher	Read Replies (1) \| Respond to of 411

Go to Yahoo, bring up Borders, and look at yesterday's press releases to get a good picture of the current state of the web trading part of the business. They're losing a lot less money at it than Amazon is! <g> I personally am not projecting a negative trend for earnings, and don't see a basis for it at this point. It really doesn't need a very major earnings growth to pick up a substantial increase in price when (I don't know when it will be, but sometime in the next five years) the market dumps the dot.com fad and starts looking to value again. Have you reviewed Value Line or S&P yet to get a good sense of the company's financials and history?

To: blue_lotus who wrote (240)	3/10/1999 10:56:00 AM
From: Nigel_H	Read Replies (2) \| Respond to of 411

Hi Raj, I hope you got the answers you wanted from the BGP veterans; if you like reading threads, how about some info from a BGP novice. I bought 500 BGP yesterday, and I expect to see an upturn in the near future, though it would take someone much smarter than me to say how much. From what I read the resistance level seems to be $16-17. Why did I buy? To me the fundamentals look good. The last 3 years EPS have climbed well (1/96: $-2.94, 1/97: $0.77, 1/98: $1.06) and revenue over that period has grown strongly ($1.75BN, $1.96BN, $2.26BN). They have $1.8BN assets but only $6 million long-term debt. Price/earnings ratio is 12.8, compared to the industry average of 16.4, and the price-to-book value (no pun intended) is 1.76, which also looks good compared to the industry average (and to BKS at 3.35). On the technical side, the RSI is climbing while the Bollinger bands have narrowed. It looks like BGP has tested its bottom for now. Why not look at the excellent post on the www3.techstocks.com Covered Calls thread? Lastly, I think Borders has a good formula and some strong points which AMZN will find hard to match once the internet stock hype starts to cool:- 1) Going into Borders is an enjoyable experience. Since books are largely a luxury item, this will remain important. Plus they can combine the advantages of book browsing and large stocks with online ordering at the store for anything which they don't currently have. 2) It's easy to return books, provided Borders is nearby. You can order online via the website and return to the bookstore if you want. That's enough rambling from me. Good luck to all. Regards, Nigel (in Europe)