And again no changes from management of consequence. Only more layoffs and another reinvention. Why is this board not acting to remove the current management? It is pathetic that they are using slowing demand as an excuse for the fact that they are no longer taking market share. Do you think WB Mason is making excuses while their sales are up this year? The fact remains that someone needs to be held accountable at this company. They need to do something different. Look at the results for International? Is there any improvement at all? Of course not. This is one of the worst managed companies in the S & P 500.
This company has no soul at all and is in full on death spiral mode. mark my words- Really bad news is on the horizon.
Sadly each quarter Ron says that a plan will be revealed to fix everything...next quarter,clever really as there is no plan.Europe just loses money,no way it can recover,why they do not shut it down and concentrate on markets they understand, noone knows.Is it because John Wilson heads it up and is next in line for Rons job?It will keep losing money and the analysts have not spotted it,they shoot horses don't they?
SPLS is ending its term as a wall street darling. Look at the PUT options interest daily. The investment community is starting to look elsewhere for yield. SPLS offers a dividend and THAT is what is keeping this from SINKING. Look for a change in the DIVI next year and this will tank hard. QE fizzling will also tank this. I am betting on it.