DALLAS, March 19, 2010 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Borders Group Inc. (NYSE:BGP). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.investorsoup.com/lp/BGP
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Borders Group Inc. (BGP), through its subsidiaries, operates book, music and movie superstores, and mall-based bookstores. The Company's operating subsidiaries include Borders Inc., Walden Book Company Inc. and Borders Australia Pty Ltd. The Companies operate in three segments: Borders Superstores, Waldenbooks Specialty Retail stores and International stores. At January 31, 2009, it operated 518 superstores under the Borders name, including 515 in the United States and three in Puerto Rico. The Company also operated 386 mall-based and other small format bookstores, including stores operating under the Waldenbooks, Borders Express and Borders Outlet names, as well as Borders-branded airport stores.
Message Board Search for BGP: http://www.boardcentral.com/boards/BGP
In the report, the analyst notes:
"On an operating basis, the Company generated a loss from continuing operations of $39.0 million or $0.65 per share compared to a loss of $39.0 million or $0.64 per share a year ago. On a GAAP basis, the loss from continuing operations was $38.5 million or $0.64 per share compared to a loss of $172.2 million or $2.85 per share a year ago. The $0.64 per share loss includes income of $0.01 per share of non-operating adjustments that were primarily non-cash.
"BGP's board of directors recently approved a new incentive plan aimed at retaining its top executives as the bookstore chain fights to regain its financial health. The program is designed to give management time to develop a business plan for the second half of 2010 with achievable EBITDA targets that the board's compensation committee will consider in setting incentive goals for the second half of the year."
To read the entire report visit: http://www.investorsoup.com/lp/BGP
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