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UpstateChris

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UpstateChris

Re: Seminole Red post# 422

Thursday, 02/10/2011 3:00:27 PM

Thursday, February 10, 2011 3:00:27 PM

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Yes, but unless I am mistaken that represent about 10% of their stores. That is a large number, but not earth shattering. If they can restructure debt to publishers/landlords and complete the GE loan they will have a strong chance at a short term recovery. The bigger question is if they can bring in long term investors. Without their own ebook reader/platform they are at a disadvantage. This could go either way.

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