stocks that are dirt cheap – Three Percent /College/translation/threepercent a resource for international literature at the URochester Mon, 16 Apr 2018 17:27:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Borders Update /College/translation/threepercent/2008/11/26/borders-update/ /College/translation/threepercent/2008/11/26/borders-update/#respond Wed, 26 Nov 2008 16:43:44 +0000 http://www.wdev.rochester.edu/College/translation/threepercent-dev/2008/11/26/borders-update/ As reported in sales at Borders fell by 10% in the third quarter to $693.4 million, resultiing in a net loss of $172.2 million for the period.

And in terms of being for sale? Well, that’s now a thing of the past:

Borders also announced that it is no longer for sale. Company CEO George Jones said that after completing a thorough review of its options, the company determined it was best “to remain as we are,” adding that he was “quite pleased” that the review is over and that Borders will remain an independent, publicly-traded company. The company still has the option to sell its Paperchase division to Pershing Square Capital, Borders’s largest shareholder, for $65 million. That option expires Jan. 15. The company said it is talking to Pershing about different financing arrangements.

In case you’re interested in buying some Borders stock, at this very moment, it’s listing for which is $0.26 higher than the 52-week low.

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