over 50% book stores in canada will disappear in a few months after this pandemic. Where do book custemers turn to: Indigo, the biggest ,strongest and survivor. That is my basic reasoning. I visited INDIGO in a shopping mall today with the big banner at the door: "Great books are just starting".
i expect $3 for short term( 6 months) such as takeover, $5-10 for long term( 2 years). CEO mentioned in BNN interview 2 possible catalysts: 1, extend governmnet's wage subsidies to the end of year covering holidays seasons fron the end of Aug currently. This program pays 75% salary of hire-back employees. 2, low interest loan form Goverment.