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.
Source: Marketwatch.com
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Date: 07/28/2011
Link: http://www.marketwatch.com/story/3-big-names-about-to-go-bust-like-borders-2011-07-28
Questions for discussion:
- Summarize the key points made in the article.
- Do you agree with the analysis?
- What would you advise investors to do?
- What would you advise management to do?
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