Indigo Books & Music (IDG) has notable insider buying

Indigo Books & Music (T:IDG)

Gerald Wilfred Schwartz, a Director and 10% Holder executive, acquired 5,500 Common Shares on an indirect ownership basis for registered holder Trilogy Retail Holdings Inc. at a price of $18.998 through the public market on February 23rd, 2018. This represents a $104,489 investment into the company's shares and an account share holdings change of 0.1%.

Indigo Books & Music Inc. is a Canada-based book, gift and toy retailer. The Company operates stores in approximately 10 provinces and a territory in Canada, and offers online sales through its indigo.ca Website. It operates approximately 90 superstores under the banners Chapters and Indigo, and approximately 120 small format stores under the banners Coles, Indigospirit, SmithBooks and The Book Company. The Company has interests in Calendar Club of Canada Limited Partnership (Calendar Club), which operates seasonal kiosks and year-round stores in shopping malls across Canada. Its loyalty programs include irewards, which is a fee-based loyalty program, and the plum rewards program, which is a free points-based loyalty program. The plum rewards program offers points on all products in its stores. The indigo.ca Website offers customers a number of titles, along with a range of general merchandise. The Company focuses on home, paper merchandise and fashion accessories.