Indigo Books and Music Inc T.IDG

over 50% book stores in canada will disappear in a few

[mingzhu]

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.

[BlueGuitar1]

Most people read on-line now.  If people want a in-hands book, then there is Amazon?  I think that is where people look. I cannot see $3 short-term? How do you come to that conclusion?  It is going lower, my friend.  

[mingzhu]

why fair value is $3? The book value is $84m/ total 27m shares =$3.11.  If CEO couple want to take it private, it has to pay at least book value. for the billionaire  it is parket money. they hold 76.5%, about 6m shares are  in the market, they pay $18m to take it over. Remember: the revenue was $950m last year. if they turn it around, making 2% earnng, it is $18m and get the money