Indigo Books & Music
Toronto symbol IDG, is Canada's largest bookseller. It also sells its products over the Internet.
INDIGO BOOKS & MUSIC INC. $9.12 (Toronto symbol IDG; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 25.2 million; Market cap: $229.8 million; Price-to-sales ratio: 0.2; Dividend yield: 4.8%; TSINetwork Rating: Average; www.chapters.indigo.ca) has agreed to sell Kobo Inc., which sells electronic books and reader devices. Indigo owns 51.4% of Kobo.
Japanese e-commerce company Ratuken Inc. will pay $315 million U.S. for …read more »
INDIGO BOOKS & MUSIC INC. $12 (Toronto symbol IDG; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 25.2 million; Market cap: $321.1 million; Price-to-sales ratio: 0.3; Dividend yield: 3.6%; TSINetwork Rating: Average; www.chapters.indigo.ca) owns 51.4% of Kobo Inc., which sells electronic books and e-book readers.
U.S.-based bookseller Borders Group also owns 11% of Kobo. Borders recently declared bankruptcy, and is now …read more »
Indigo Books & Music Inc., Toronto symbol IDG, is Canada’s largest bookseller. The company operates 97 superstores under the Chapters and Indigo banners. It also has 149 mall-based stores, and sells books, movies and music through its web site.
Indigo is one of the Canadian stock picks we analyze in our Successful Investor newsletter.
In its latest fiscal year, which ended April …read more »
INDIGO BOOKS & MUSIC INC. $13 (Toronto symbol IDG; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 24.7 million; Market cap: $321.1 million; Price-to-sales ratio: 0.3; Dividend yield: 3.6%; TSINetwork Rating: Average; www.chapters.indigo.ca) saw its revenue rise 5.0% in its 2011 fiscal year, which ended April 2, 2011, to $1.0 billion from $968.9 million in the prior year. Even so, earnings …read more »
INDIGO BOOKS & MUSIC INC. $15 (www.chapters.indigo.ca) continues to see strong demand for its Kobo e-book downloading service. During the 2010 Christmas shopping season, the company’s e-book sales were 50 times higher than a year earlier. Kobo now has customers in over 130 countries. Hold.
TIM HORTONS INC. $43 (www.timhortons.com) recently opened a new online store that ships its coffee, …read more »
AGRIUM INC. $77 has received approval from Australian regulators to purchase AWB Ltd., which operates over 400 farm-supply stores in Australia and New Zealand. AWB is also Australia’s largest wheat exporter. Agrium is paying $1.2 billion (Australian) for AWB. That’s equal to 10% of Agrium’s $12.2-billion (Canadian) market cap. The deal will close later this year. AWB’s close proximity to …read more »
INDIGO BOOKS & MUSIC INC. $12 (Toronto symbol IDG; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 24.5 million; Market cap: $294 million; Price-to-sales ratio: 0.3; SI Rating: Average) is Canada’s largest bookseller. Indigo operates 91 superstores under the Indigo, Chapters and World’s Biggest Bookstore brands. It also sells books online, and in smaller stores under the Coles, Indigo, Indigospirit, SmithBooks …read more »
The dividend yield of the S&P/TSX Composite Index is now around 3%, up from 1% in the early part of this decade. This rise is partly because more companies are using their excess cash for dividends instead of buying back shares.
This new focus on dividends is a good thing for investors. Dividends can contribute up to a third of …read more »
INDIGO BOOKS & MUSIC INC. $12 (Toronto symbol IDG; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 24.5 million; Market cap: $294 million; Price-to-sales ratio: 0.3; SI Rating: Extra Risk) aims to take advantage of the growing popularity of the Apple iPhone and other smart phones, as well as electronic book-reading devices.
It will soon launch shortcovers.com, a new web site that …read more »
INDIGO BOOKS & MUSIC INC. $14 (Toronto symbol IDG; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 24.7 million; Market cap: $345.8 million; SI Rating: Extra risk) earned $3.2 million in its second fiscal quarter ended September 27, 2008, down 4.5% from $3.3 million a year earlier. Earnings per share were unchanged at $0.13. Sales fell 1.9%, to $205.3 million from …read more »
