Green Stocks – Indigo looks for a ‘green’ edge

Article Excerpt

INDIGO BOOKS & MUSIC INC. $15 (Toronto symbol IDG; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 24.8 million; Market cap: $372.0 million; SI Rating: Extra risk), plans to test a new retail concept called “Pistachio.” Instead of books, these stores will feature environmentally-friendly household products like writing pads, gift wrap and tabletop covers. The new stores will also sell organic makeup, lotions and other beauty items. Indigo will open two test stores in Toronto this year, and up to six more next year. If successful, Indigo may open Pistachio stores in the United States. The company already sells gift products in its stores, so it has experience in this area. Specialty products like these also diversify Indigo’s operations, and they can generate higher profit margins than book sales. Indigo is a buy for aggressive investors who are also interested in green stocks. stocks. …