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Further, the National Retail Federation estimates that 40% of shoppers will purchase at least one item online during the current back to school season, up from just under 11% in 2003. Each year its sales have grown in the comparable quarter for the last few years as it is a destination for parents and students to pick up supplies, as well as excellent value on new and used textbooks. Further, they profit off of independent sellers who sell their own textbooks through the site and then take a nice commission for doing so.
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At 8x EBITDA, the CEOC assets are worth $12 billion, approximately $9 billion less than current debt. The benchmark second lien bonds due in 2018 have traded to the mid-50s cents on the dollar as bondholders realize there is not enough value to cover their debt obligations. The sponsors therefore recently announced a plan to invest in a newly formed public vehicle, Caesars Acquisition Company (CAC), which unlike CZR is not obligated to repay CEOC and CMBS debt.

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Fecha de Inicio11.10.2013 05:00
Fecha Final10.03.2014 05:00
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