(1888PressRelease)
January 24, 2009 - Mira, Portugal – SADIF Investment Analytics SA, today announced the release of a new equity research report covering Indigo Books & Music Inc (IDG). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Indigo Books & Music Inc investor.
Report Summary: Indigo Books & Music is Canada's largest book retailer. The company operates a range of book stores, from the large-format Chapters and Indigo Books Music & More stores, to the smaller Coles stores. Indigo also operates an online store under the chapters.indigo.ca name. Indigo has been working to increase its online presence recently with the pending release of its Shortcovers e-content software for smartphones and iPods. The new service would put Indigo in direct competition with Amazon's popular Kindle e-book operations and bring Indigo into the US market. Investors will be able to see how the current downturn in the economy has effected Indigo when the company announces quarterly results on Tuesday 27th January.
In the company's last results, announced in October for the quarter ended September 27th, Indigo reported strong pre-tax earnings, up 46% year-over-year. However, the retail climate has deteriorated considerably since these results were announced and Indigo shares are currently trading close to their 52-week lows. In order to assess how the company is expected to perform over the long-term, we should analyze Indigo's long-term fundamentals. We can assess the company's fundamentals through the use of the StockMarks framework. Indigo currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 55, rating above the Canadian market average. This rating places Indigo fifth among ten of the company's closest peers, selected on the basis of similarity of business, market positioning and stock-specific factors.
The complete report breaks down the Total StockMark into its three components – Business, Management and Price, performing a thorough analysis of Indigo Books & Music Inc for long-term investors.
A summary of the StockMarks™ ratings for Indigo Books & Music Inc Limited is available here:
http://sadifanalytics.com/stockmarks/company.php?ticker=IDG&cod_country=18
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com and Thomson Research or directly from SADIF-Investment Analytics SA at:
http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_country=18
About SADIF-Investment Analytics SA:
SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
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