Indigo Books & Music Inc T.IDG

many people do not realize that book business is good

[mingzhu]

business. if you cannot sell some books, you just return them to publishers and take no risk. the cost are 2 things, 1, lease , 2 large number of employees. now many retaills are bankrupt and lot of empty commercial space. The lease has to come down. Indigo paid less 2.3m for the lease last Q. government takes acre of employees, and leases are coming down. what you can expect like this business this time?

[Dollarboy]

Report is out: https://static.indigoimages.ca/2020/corporate/Indigo-Q2-FY21-Report.pdf 5 CAD per share net cash. (137 MCAD) Increased revenue in Q2 (July-Sept) yoy. Strong cash flow. Tomorrow's conf call will give further information about Q2. I did not expect 5 CAD net cash per share* by September 30th. Typically net cash trough in Sepember due to inventory build up ahead of black friday

[mingzhu]

may i add from MD&A of SEDAR file  "The Company converted a significant new audience, with over 200,000 new customers in the second quarter. Demand for categories that lend themselves to the current climate remained strong, with reading, wellness, and at-home learning and entertainment experiencing growth to last year.The Company also experienced growth in its core baby category and

[mingzhu]

Share price was $5 last year at this time. 

[wheeloffortune]

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 and closed off.   1/4 of the store is selling toys and almost another quarter is selling novelty items like coffee thermoses.