{"id":266406,"date":"2008-11-26T16:43:44","date_gmt":"2008-11-26T16:43:44","guid":{"rendered":"http:\/\/www.wdev.rochester.edu\/College\/translation\/threepercent-dev\/2008\/11\/26\/borders-update\/"},"modified":"2018-04-16T17:27:34","modified_gmt":"2018-04-16T17:27:34","slug":"borders-update","status":"publish","type":"post","link":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/2008\/11\/26\/borders-update\/","title":{"rendered":"Borders Update"},"content":{"rendered":"<p>As reported in <a href=\"http:\/\/www.publishersweekly.com\/article\/CA6617793.html?nid=2286&#38;source=link&#38;rid=1447936737\"><em>Publishers Weekly<\/em>,:<\/a> sales at Borders fell by 10% in the third quarter to $693.4 million, resultiing in a net loss of $172.2 million for the period.<\/p>\n<p>And in terms of being for sale? Well, that&#8217;s now a thing of the past:<\/p>\n<blockquote>\n<p>Borders also announced that it is no longer for sale. Company <span class=\"caps\">CEO<\/span> George Jones said that after completing a thorough review of its options, the company determined it was best \u201cto remain as we are,\u201d adding that he was \u201cquite pleased\u201d that the review is over and that Borders will remain an independent, publicly-traded company. The company still has the option to sell its Paperchase division to Pershing Square Capital, Borders\u2019s largest shareholder, for $65 million. That option expires Jan. 15. The company said it is talking to Pershing about different financing arrangements.<\/p>\n<\/blockquote>\n<p>In case you&#8217;re interested in buying some Borders stock, at this very moment, it&#8217;s listing for <a href=\"http:\/\/finance.google.com\/finance?client=ob&#38;q=NYSE:BGP\">$0.98 on the <span class=\"caps\">NYSE<\/span>,<\/a> which is $0.26 higher than the 52-week low. <\/p>\n<div class=\"ad_banner\">\n<a href=\"http:\/\/catalog.openletterbooks.org\/authors\/6\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/images\/130.jpg\" width=\"460\" height=\"105\" \/><\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As reported in Publishers Weekly,: sales at Borders fell by 10% in the third quarter to $693.4 million, resultiing in a net loss of $172.2 million for the period. And in terms of being for sale? Well, that&#8217;s now a thing of the past: Borders also announced that it is no longer for sale. Company [&hellip;]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[67486],"tags":[7006,1836,12586,1646,17086],"class_list":["post-266406","post","type-post","status-publish","format-standard","hentry","category-articles","tag-borders","tag-cwp","tag-future-of-bookselling","tag-review","tag-stocks-that-are-dirt-cheap"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/wp-json\/wp\/v2\/posts\/266406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/wp-json\/wp\/v2\/users\/292"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/wp-json\/wp\/v2\/comments?post=266406"}],"version-history":[{"count":1,"href":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/wp-json\/wp\/v2\/posts\/266406\/revisions"}],"predecessor-version":[{"id":325086,"href":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/wp-json\/wp\/v2\/posts\/266406\/revisions\/325086"}],"wp:attachment":[{"href":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/wp-json\/wp\/v2\/media?parent=266406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/wp-json\/wp\/v2\/categories?post=266406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rochester.edu\/College\/translation\/threepercent\/wp-json\/wp\/v2\/tags?post=266406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}