Indigo Books & Music Inc T.IDG

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

[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 back.; , 6% earning, they triple theur investment. 

BlueGuitar1 wrote: 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.