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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

TSX:IDG - Post Discussion

Indigo Books & Music Inc > chapters
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Post by Druckenmiller on Oct 14, 2020 1:46pm

chapters

If Chapters closes, all that's left to visit with my kids in a mall is the Disney store. Can anyone comment on this business? My wife says she can't fathom it going out of business. Is the debt that big of a problem?
Comment by Dollarboy on Oct 15, 2020 4:17pm
The balance sheet is strong with plenty of cash (net cash approximately in the range 80-220 MCAD depending on season) and no bank debt. In addition to net cash Indigo can, if they need, borrow 25 MCAD from the majority shareholder (Billionaire Mr. Schwartz) however there is no need for that. If all stores are closed due to lockdown for very very long tume the lease obligations would be a problem ...more  
Indigo Books & Music Inc