Thursday, March 26, 2009

No More NY Stock Exchange for Borders????

From today's Publishers Lunch:
With Borders set to declare fourth-quarter results next week, expectations are grim: more multi-million dollar losses, store closures, payroll slashings and, with shares currently trading at 64 cents per share, potential de-listing from the NYSE. Shareholders will hear more about the company's strategy, including plans for a reverse stock split to satisfy NYSE conditions, next Wednesday when CEO Ron Marshall hosts a conference call with analysts and investors.

1 comment:

Tara Maya said...

Wow, that's bleak.