Borders Group, Inc. (NASDAQOTH:BGPIQ)

rjzii (57.06) Submitted: 2/1/2011 5:14:17 PM : Start Price: $1.18 BGPIQ Score: +132.28

With the latest rounds of delayed payments to vendors and landlords coupled with the reports that they are preparing for bankruptcy filings[1] for next week (6 January 2011 - 13 January 2011), things do not look good for Borders Group (NYSE:BGP). As others have noted, while they to tend to have the best selection in terms of books and "browse-ability" is one of the big pluses that a brick and mortar bookstore offers over Amazon (NYSE:AMZN), that it and of itself is not enough to make a sustainable business model and given that Barnes and Noble (NYSE:BKS) has been aggressively pursing the ebook market as of late, Borders may just prove to be too late to the game to recover.

[1] http://www.businessweek.com/news/2011-02-01/borders-group-said-to-prepare-for-bankruptcy-filing.html