Indigo Books & Music Inc. (IDG.TO) Buy, Sell…

Indigo Books & Music Inc. (IDG.TO)

2.49

-0.00 (0.00%)

as of Jun 4, 2024, 1:54:16 pm Market Open.

10 watching

BUY ON WEAKNESS

Has had a huge run and is not sure he would be courageous enough to get onboard at this point. Management has done a remarkable job of building this. He would look for a little lower entry point.

DON'T BUY

They’ve done a great job, but it may be hard to create profitability. It is a challenge that they may not exist in 10 years. You could enter if it got to liquidation value.

DON'T BUY

Like many other book retailers, this is in a very challenged industry. People are ordering books online, getting free content online, downloading books and magazines on to iPads. Nice dividend of about 4%. Wouldn’t Short because of the dividend.

COMMENT

Stuck in a very tough business environment. Being affected by online businesses or you can now get books. Also a lot of tablets, where you can get online books, will make it tough for them. They were a large owner of Kobo, which was just sold so they should net $70 million-$80 million free cash which should help them sustain the dividend.

PAST TOP PICK

(A Top Pick Nov 15/10. Up 6.49%.) Pair Trade going Long this and Short Hastings Entertainment (HAST-Q).

PAST TOP PICK

(A Top Pick Nov 15/10. Down 13.8%.) Pair Trade. Long this and Short Hastings Entertainment (HAST-Q). Total return of the pair trade was about 1%. Intrigued by their global platform. Has evolved from a book store chain to a specialty retailer.

DON'T BUY

Books are not a sustainable business. How does a traditional bookseller capitalized on current trends. Electronic books are taking over. Dividend is not safe and secure.

PAST TOP PICK

(A Top Pick Nov 15/10. Up 0.91%.) Pair Long this and Short Hastings Entertainment (HAST-Q).

TOP PICK

Pair Trade going Long this and Short Hastings Entertainment (HAST-Q). Physical book market is in permanent decline. This company has anticipated this and came out with Kobo, one of the leading e-readers. Has about $6 a share in cash.

COMMENT

Advent of digital books and e-readers is an opportunity for them. Near-term earnings are going down a bit as they put money towards the electronic initiative. Earnings were down 21% year-over-year and coming quarter expected to be up 6%. Earnings expected to slip from $1.22 in 09 to $1.17 in 10 and forecasting 15% growth in 2011. 11X PE.

PAST TOP PICK

(A Top Pick July 7/05. Up 15.5%.) Had built a base and then it broke above the 200 day moving average. It's still trending higher.

TOP PICK

Has built a gorgeous base. Broke through its trend line. No news on it which he likes.

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Indigo Books & Music Inc. (IDG.TO) Frequently Asked Questions

What is Indigo Books & Music Inc. stock symbol?

Indigo Books & Music Inc. is a Canadian stock, trading under the symbol IDG.TO (previously IDG-T on Stockchase) on the Toronto Stock Exchange (IDG-CT). It is usually referred to as TSX:IDG or IDG.TO

Is Indigo Books & Music Inc. a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on IDG.TO (previously IDG-T on Stockchase) on Stockchase. Read the latest expert commentary for Indigo Books & Music Inc..

Is Indigo Books & Music Inc. a good investment or a top pick?

Indigo Books & Music Inc. was recommended as a Top Pick by Ron Meisels on 2005-07-07. Read the latest stock experts ratings for Indigo Books & Music Inc..

Why is Indigo Books & Music Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Indigo Books & Music Inc..

Is Indigo Books & Music Inc. worth watching?

Indigo Books & Music Inc. is followed by 10 investors on Stockchase and is a trending stock that is worth watching.

What is Indigo Books & Music Inc. stock price?

On 2024-06-04, Indigo Books & Music Inc. (IDG.TO) stock closed at a price of $2.49.

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