Description: Borders Group Inc., like Blockbuster before it, failed to surprise Wall Street as it has limped into oblivion. The second-biggest U.S. bookstore chain won bankruptcy court approval last week to liquidate hundreds of stores in an attempt to bring in $175 million to satisfy its creditors.
Questions for discussion:
- Summarize the key points made in the article.
- Do you agree with the analysis?
- Would you short the shares of these companies?