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Bluelinx Holdings Inc. Message Board

  • celebrate_d_varsity celebrate_d_varsity Oct 30, 2013 5:11 PM Flag

    3Q Results

    I enjoyed how the earnings press release leads with the positive increase in revenue & increase in unit volume only to hit you over the head with yet ANOTHER losing (3.2 mill) quarter. Prime building season & they still can't turn a profit. What a mess! Looks like Wall St. approves as well with a 12% drop. Time to bury this carcass. Next two quarters will be more red ink.

    Sentiment: Strong Sell

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    • Wow.....another disaster.....the Charlie brown of distribution has their gross margin % on specialty fall while every single peer is profitable. Howard sounded like he was ready to run from the burning building ...

      • 1 Reply to offtheres
      • I just do not understand how they continue to operate under the same flawed business model & structure. It isn't working and hasn't worked - lost money for six straight years. Don't they look at their competition?? According to BLX website, they have 55 distribution centers still open. Yet I counted 11 VP's listed on their site plus multiple Directors & General Managers?? Are these people/positions really needed for a failing & sinking organization? What value are they bringing other than occupying a chair & collecting a paycheck? Time to trim the top-heavy fat! This company has become the federal government: Waste, excess, redundancy, entitlements & no leadership.

 
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