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Bullboard - Stock Discussion Forum Indigo Books and Music Inc T.IDG

Alternate Symbol(s):  IDGBF

Indigo Books & Music Inc. is a Canada-based book and lifestyle retailer. The Company is engaged in offering an assortment of books, gifts, home, wellness, fashion, paper, baby, and kid’s products. The Company operates retail stores in all ten provinces and one territory in Canada, and also has retail operations in the United States through a wholly owned subsidiary, operating one retail store... see more

TSX:IDG - Post Discussion

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Post by mingzhu on Dec 04, 2020 2:33pm

takeover???

eom
Comment by TheNextBigThing on Dec 04, 2020 4:06pm
There had been talk of that by others earlier this year. But it looks like good online web traffic and rising index as a whole. $3.75ish is where I'm looking for this to consolidate next. 
Comment by Cdnmate23 on Dec 04, 2020 10:38pm
I have the same number in mind for my exit.  Mingzu you got out no a while back or did you refrain?   I invest in a management team and macro themes, this one is a satisfying return, very rapid triple.  
Comment by Systemtogo on Dec 05, 2020 10:38am
There was talk about Barnes and Noble but talk is talk. Although, I personally believe IDG would be a fantastic takeover at these prices.
Comment by TheNextBigThing on Dec 07, 2020 10:04am
The run continues, and now there's a good size bid at $3.20. The lack of chatter during such a run shows how neglected this jndustry is by retail investors IMO. 
Comment by Systemtogo on Dec 07, 2020 10:35am
Something major is going on which leads me to believe that merger rumors have some validity. Something big is brewing here.
Comment by oceaneleven on Dec 07, 2020 11:49am
M ost likely Heather buying again..Keep eye out for reporting
Comment by TheNextBigThing on Dec 07, 2020 1:26pm
Merger rumours? Did I miss some posts?
Comment by Cdnmate23 on Dec 07, 2020 6:19pm
With this activity and no news the company is obligated to address it publicly.  Should come in tonight or tomorrow via halt.  Any links or excerpts you can share on these rumors? Typically 30% is expected from book, if they are getting it up to where it should be fair value then are we talking a take out offer over $4 and possibly within days?
Comment by TheNextBigThing on Dec 07, 2020 6:47pm
I was hoping the next consolidation would be around 3.75 with us then rocking to $8 sometime next year based on charts. So if $4 is the buyout, I would be slightly disappointed but would take the quick gains I suppose. 
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