Well I guess it is good to admit when you need help and seek it, but I would have thought a prerequisite to being a director of the company would be to thoroughly know your business and customers.
Yeah, they got some stock options which have all tanked now but no bonuses
Christopher & Banks failed to reach the threshold performance for operating income, gross margin return on inventory and net sales, so no Christopher & Banks executives earned incentive bonuses. Sales for the year ended Jan. 31 were $418.6 million, down 3.9 percent from the previous year and below the minimum bonus target of $460.3 million.
Also Total stockholders’ equity stood at $135M
Their last 10Q they had $24M cash the net availability of revolving credit loans under the Credit Facility was approximately $34.5 million at May 2, 2015 .
I think you are looking at the annual balance sheet because per the most recent quarterly one they are going to run out of cash sometime this quarter. Do they have a line of credit they can draw against?
to review their business and study customer buying behavior. The directors of this company have no idea how to grow this company! Yet they continue to collect their salary and stock options.
Who ever gave the thumbs down needs to learn how to read a balance sheet...lol
I think people look at this and fear it's going the rout of American Apparel... I dont agree with that though because AA is a teen retailer
Posted by Noah on Aug 17th, 2015
Christopher & Banks Co. had its target price cut by Piper Jaffray from $10.00 to $6.00 in a research note released on Friday. They currently have an overweight rating on the stock.
No I am holding, Looking to add. I see $2.50 with in the next 10 days.
I am confident, That this drop is all about those Insider options being in the Money.
As I said before IT IS WAL STREET, And in fact that is the point of contention with
The Institutional Investors, And the reason why they want a seat on the board.!!
It is Market Manipulation at it's finest.
lovemoney100, have you deciphered what is going on? Have you dumped it on the lack of a bounce? I took a very small l profit and left. Sure didn't expect a continuation of the selling today..
If you think that Joel 86 year old Joel Waller is the answer, you're clueless too. He did nothing while he was with the company. Plus, he destroyed every company he was ever with. This management team, all of them, are not only unable to perform their jobs - they are liars. Ms. Via was never in any position to help this company. She needs to go immediately. You want them to "make us proud...show leadership"??? They have had plenty of time, and now their time is up. Via must go, Mishilutti must go, Dahl must go. They are completely incompetent.
Sentiment: Strong Sell
Is it possible that the selling was all institutions that have rules against holding stocks under five dollars and the buyers were those that don't? I imagine all the shorts covered too.