BKS will acquire Ingram in the end. There is no legal reason why they can not buy a distribution company to cut there own cost. Of course there will be legal issues brought up by there scared competitors. Amazon or Borders would have jumped all over Ingram if they had the money. The hype around Amazon is slowly falling along with their stock price. BKS is a Butt Kickin Stock.
You will begin to see a lot of really idiotic and insulting posts.These will be mostly from the amzn longs and maybe few from the shorts on the amzn page which has a post every 15 seconds or so. The real scary types come out late at night and have obviously goofy names to draw attention to themselves.
While this is unfortunate, it is a good sign, more interest in stock and higher prices will follow. All this stock needs to get up and really is for a lot of shorters to get in and get sqeezed out. Even without that, does anyone doubt bks market cap should be 1/3 of amzn?? Those that did now know better.
Watch the volume and price action on charts. Volatility is a good thing, buy dips and hold, three years from now bks will be $100+ and amzn history.
this deal will go ahead, but I wouldn't be so sure. Few people outside the industry realize how big Ingram is. They've been very quiet about the extent of their monopoly. They are the Bechtel of the publishing industry, and they distribute more than just books.(ever heard of Bechtel?..exactly). The ABA will certainly challenge this purchase, and I wouldn't be suprised to see Borders and Amazon join in. By the way, Amazon had the resources to buy Ingram but my guess is they decided to be their own distributor. Borders has made significant moves in that direction. One possibility is that both will accelerate that process and dry up Ingram's base. Borders already leases out their inventory control and distribution services to other bookstores.
Plenty of room for this to backfire...and my bet is still that it won't go through.