In 2005, Bain Capital Partners, KKR and Vornado Realty (VNO) bought Toys R Us for $7.5 billion. The investors paid $26.75 a share for the second biggest toy retailer in the U.S.
The Company filed for an I.P.O. in May of 2010 to raise $800 million and sought new revolving credit lines, but it now isn't expected to go public until 2012. Roughly 40% of total sales come during the holiday season and a continued spending and employment slump kept an I.P.O. on the shelves. In July, the company reported revenues were down 1.6% to $29.9 billion and same store sales fell 2.2%. Lower rents boosted overall profit margins, however. Number one toy seller Wal Mart (WMT) has fallen almost 4% year to date, less than overall markets.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV