Now ABS IS dead in th water. This will be a 15 dollar stock in weeks.
LJ, will be happy to hang on collecting his million plus salary a year.
The only thing tha can save this company is to totally clean house get rid of half of upper management. why not, they have just run the company into the ground.
Then, close about 40% of the stores. ABS has at least 40% stores that are losing money.
Keep about 5 key markets and reformat to bring in business in metropolitan areas. Go head to head with whole foods and stop trying to be everything to everyone. This would take guts which ABS upper management does not have.
Finally, get rid of pharmacy management. They simply don't have a clue. They have lost market share year after year in a very fast growing industry. Why would you keep any on them?