Borders bookstore gets delisted by NYSE?

Yi-Wyn Yen — Tue, 20 Jan 2009 14:38:21 -0500

Judgment made on March 25, 2009: The New York Stock Exchange has suspended the $1 listing rule till June 30, '09, which means Borders will not be delisted in this time frame. Borders is also considering a reverse stock split to stay above the $1 mark. This prediction did not come, which the community judged correctly. -- The Standard

Borders is in danger of getting kicked off the New York Stock Exchange. The publicly-traded book company received a letter on Dec. 31, 2008 that said if Borders cannot get its stock price above $1 in six months, the company will be delisted.

The bookseller has been losing market share to online retailers like Amazon and struggling as consumers cut back on discretionary spending. Borders replaced its CEO and CFO in early Jan. 2009 in hopes of turning around the company.

Borders's shares have fallen below $1 since Dec. 1, 2008.

Prediction: Borders gets removed from trading on the NYSE. Borders must comply with the NYSE's standards to bring the average closing share price above $1 by June 30, 2009 or else get delisted.

Image: Brewbooks/Flickr

Borders bookstore gets delisted by NYSE?

Yi-Wyn Yen — Tue, 20 Jan 2009 14:38:21 -0500

Borders's shares have fallen below $1 since Dec. 1, 2008.

Prediction: Borders gets removed from trading on the NYSE. Borders must comply with the NYSE's standards to bring the average closing share price above $1 by June 30, 2009 or else get delisted.

Image: Brewbooks/Flickr

Borders bookstore gets delisted by NYSE?

Yi-Wyn Yen — Tue, 20 Jan 2009 14:38:21 -0500

Borders's shares have fallen below $1 since Dec. 1, 2008.

Prediction: Borders gets removed from trading on the NYSE. Borders must comply with the NYSE's standards to bring the average closing share price above $1 by June 30, 2009 or else get delisted.

Image: Brewbooks/Flickr

Borders bookstore gets delisted by NYSE?

Yi-Wyn Yen — Tue, 20 Jan 2009 14:38:21 -0500

Borders's shares have fallen below $1 since Dec. 1, 2008.

Prediction: Borders gets removed from trading on the NYSE. Borders must comply with the NYSE's standards to bring the average closing share price above $1 by June 30, 2009 or else get delisted.

Image: Brewbooks/Flickr

Borders bookstore gets delisted by NYSE?

Yi-Wyn Yen — Tue, 20 Jan 2009 14:38:21 -0500

Borders's shares have fallen below $1 since Dec. 1, 2008.

Prediction: Borders gets removed from trading on the NYSE. Borders must comply with the NYSE's standards to bring the average closing share price above $1 by June 30, 2009 or else get delisted.

Image: Brewbooks/Flickr