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.
Thursday, March 26, 2009
No More NY Stock Exchange for Borders????
From today's Publishers Lunch:
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1 comment:
Wow, that's bleak.
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