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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 in Short Hills, New Jersey. The retail network includes 87 superstores under the Indigo and Chapters names, as well as 84 small format stores under the banners Coles and Indigospirit. The Company also offers a marketplace assortment of giftable products, experiences, services, and subscriptions on www.thoughtfull.co. Its Retail operations are integrated with the Company’s digital channels, including the www.indigo.ca Website and the mobile applications, which are extensions of the physical stores and offer customers an expanded assortment of book titles.


TSX:IDG - Post by User

Indigo Books & Music Inc > Cormark summary
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Comment by Possibleidiot01on Feb 24, 2024 5:08pm
153 Views
Post# 35897419

RE:RE:Cormark summary

RE:RE:Cormark summary
2young2invest wrote: Looks like Cormark or their clients are underwater.

$2.25 is a very good offer, company worth zero: negative equity, no real assets and it barely made any money during Christmas season, the rest of the year will see huge loses.


I've very seldom seen analysts come out this strongly against buyout offers.

People seldom make offers unless it benefits them.

Since then Cormark has walked the price back to $3.20 but, they have given a few reasons why the offer is inadequate ; in the last report they said with cash on the books and the proceeds of the cyber attack insurance ( $1.3 million so far,  estimate of $10 million ) they could pay $25 million for the minority of the company .

They also pointed out they did an unusual amount of discounting this holiday season ( wrong stuff in stores?) and they decided to invest in a totally new web site slowing the recovery from the attack.

In a previous report they mentioned earlier purchases by Trilogy etc. at  a much higher price.


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