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

Consumer Cyclical Specialty Retail

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

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Comment by Dollarboyon Nov 26, 2020 5:45am

RE:RE:RE:RE:RE:RE:Indigo and other book stores on lockdown starting Monday

Agree, Oct-Dec quarter cash flow typically very strong. I assume we may be in the range 160-200 MCAD net cash by 31 December (considering typical seasonality). That is around 7 CAD per share (excl ...more

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Comment by Cdnmate23on Nov 24, 2020 10:00pm

RE:RE:RE:RE:RE:Indigo and other book stores on lockdown starting Monday

I wouldn't exit before Q4 earnings it is their bread and butter.

Discussion

Comment by mingzhuon Nov 21, 2020 9:46am

RE:RE:RE:RE:Indigo and other book stores on lockdown starting Monday

Indigo has potential to reach $10 in coming 2 years. But in short term it has 2 big negatives: lockdown and tax loss sell. i will be back in new year.

Discussion

Comment by Dollarboyon Nov 21, 2020 5:09am

RE:RE:RE:Indigo and other book stores on lockdown starting Monday

The stock price was at these levels during the peak of the spring lockdown (mid march-mid May). The lower 1 CAD level was triggered by (the assumed) Foyston-mega-fire-sale of 13% of the shares late ...more

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Comment by mingzhuon Nov 20, 2020 5:58pm

RE:RE:Indigo and other book stores on lockdown starting Monday

on its first spring lockdown, the share price went under $1. Let us see how far it goes this time

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Comment by mingzhuon Nov 20, 2020 5:46pm

RE:Indigo and other book stores on lockdown starting Monday

holiday season sale is done.

Discussion

Post by mingzhuon Nov 20, 2020 5:39pm

Indigo and other book stores on lockdown starting Monday

https://www.bnnbloomberg.ca/indigo-penguin-random-house-want-ontario-to-deem-bookstores-essential-1.1525681

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Post by Dollarboyon Nov 13, 2020 10:40am

Article on Canadian book market

https://www.thestar.com/entertainment/books/analysis/2020/11/01/publishers-and-retailers-have-pivoted-to-keep-books-on-shelves-and-in-readers-hands-but-will-holiday-sales-fill-them-with-joy.html

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Comment by Dollarboyon Nov 09, 2020 2:06pm

RE:a great day for science and humanity.”

Now that a) infections have increased Pfizer/BionTech got more proof that the vaccine was efficient and b) the US election is behind us FDA feels confident to approve the vaccine without beeing blamed ...more

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Post by mingzhuon Nov 09, 2020 10:10am

a great day for science and humanity.”

https://www.cnbc.com/2020/11/09/covid-vaccine-pfizer-drug-is-more-than-90percent-effective-in-preventing-infection.html over 90% effective compared to 40 to 60% for flu, 50m doses available@ in Dec ...more

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Post by Dollarboyon Nov 09, 2020 4:28am

Foyston Gordon & Payne

Foyston Gordon & Payne had 3.723.815 (13.65%) of outstanding Indigo shares in November 2019. End of June 2020 they had sold their position (source: Bloomberg), i.e. it is plausible to assume that ...more

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Comment by wheeloffortuneon Nov 05, 2020 3:14pm

RE:it is stupid to sell at this price. Even Indigo stops doing

Irrelevant because they have long term mall leases that would have a claim on any extra cash if they stopped doing business.

Discussion

Comment by wheeloffortuneon Nov 05, 2020 3:05pm

RE:many people do not realize that book business is good

Funny, I'm finding a lot of their unsold books in their $3 clearance bin near the back (they're not returning it). I'm finding their bottom shelves empty of books and one aisle empty ...more

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