Been in and out of HNV 4 times in the last 12
years with good results. Selling at 3 1/2 is a safe way
to play this stock, but I cannot recall this company
ever having such explosive potential. Hopefully it
From the extensive knowledge of the company that
you apparently have, you work for the company. If
not, how much did you get paid to write that bs?
Richemont is NOT "pouring money into this company". The are
getting very cheap stock for a short term loan at
exhorbitant rates (paid for by the present shareholders),
diluting present stockholder value by 1/3. How is this a
good deal for us?
Hanover Direct Announces Planned Departure of
Thursday, May 13, 1999 05:29 PM
N.J.--(BUSINESS WIRE)--May 13, 1999--Hanover Direct, Inc. (AMEX:
HNV) today announced that Larry J. Svoboda, its Senior
Vice President and Chief Financial Officer, will be
departing the Company, following the identification of a
successor. Mr. Svoboda joined the Company in September 1996
to help redirect the Company's financial and
business development. No date was given for Mr. Svoboda's
"Now that the turnaround of
the core business and the Company's strategic
realignment is well underway, the time is right for me to
pursue other interests," stated Svoboda.
President and Chief Executive Officer Rakesh K. Kaul added,
"Larry has made significant contributions to the
turnaround of this business. We wish him well."
to joining Hanover, Mr. Svoboda served as Vice
President Finance and Chief Financial Officer for Florsheim
Group, Inc., where his responsibilities included
strategic planning, inventory and logistics management, and
system development. During his career, he has amassed
extensive experience working with high profile branded
consumer products with global wholesale and retail
distribution, restructuring and turnaround situations, and an
Couldn't have said it any better - or even as
I have been long for more than 3 years and like
what I see as the new management team has been
systematically put in place and as the two major players, Basil
and Richemont, continue to pour capital into this
company. No question in my mind - this is a long term hold
for retirement security.
DONT SELL YOUR HNV STOCKS.
HNV should put
themselves into position to be bought out by someone. With
all the action going on within this industry someone
must be looking to get in without having to go through
all the BS to set up shop as HNV has. Sales and
profits are poor and the only thing keeping HNV alive is
the future speculation that this will be big someday.
I beleave it will but may be loosing patience With
HNV, seeing so many other companys with less potential
zooming sky high. I will give them 6 more months to show
the world what they can do. Talk is cheep actions and
sales also profits are what matters. A large company
with deep pockets can make this thing happen asap. The
market may pass HNV by if they dont start showing more
of thier plan and higher sales/profits. No news is
bad news. Cough up something or SELL. SELL SELL SELL
SELL SELL SELL SELL THE COMPANY.
I agree with no new customers it is the same old
HNV. This stock is about as active as a slug. Even
with shitty numbers it doesn't move. Hell, even it
dropped in price I wouldn't mind it as I'm trying to buy
some cheap shares for a long hold.
I might be stupid, but 13 week revenue and
customers remained essentially unchanged from the previous
13 weeks. This sounds like the same old HNV to me.
Don't we have to generate new customers to generate an
increase in $'s? Where are the customeres going to come
Not overly optimistic
Great post, sounds like me talking. Thanks for
the added information, shareholders should be
confident in their plans. It's been a long wait, but the
funny thing is that we can still add to our positions
when HNV is on the brink. The cmgi comparison is very
interesting, obviously hard to count on but shat if? Stranger
things have happened and even in total absence of the
incubator potential, things are looking pretty good.