Borders (Lack of) Strategic Plan

The WSJ took a look at Borders today but not in any great analytical sense (subscription required). There is much to think about from the perspective of shareholders but this perspective seems to be missing from the discussion thus far. Perhaps some of the analysts that follow the company are preparing their position reports. The Journal did allude to the possibility that Borders could be a PE target: I would wonder about that although they believe this seems to be buoying the stock. In my opinion given the newish management, I think any Banker would want to see some improvement before they jumped in. Over the past six months there have been precious few positive actions out of the company but only a few people seem to be concerned about the long timetable to improvement.

My post from earlier this week.

Here were some other blog posts:
The Publishing Contrarian
Booksquare