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ALCO Stores, Inc. Message Board

  • longtimefollower longtimefollower Jun 15, 2013 7:02 PM Flag

    Royce Winsten should be ashamed of himself.

    His comments at the beginning of the conference call are despicable. He makes excuses for the company's poor performance that are simply untenable, and show that his head is stuck in the sand. Saying that the federal government is LYING, and that GDP has not grown for the last 4 years, is simply breathtaking in its denial and delusion. Saying that vehicle miles travelled is a better measure of retail growth is downright SLEAZY. This guy is just over the top. Has the average retailer performed as poorly as Alco has, the last 4 years? The excuse making machine here is just disgusting...and evidence that the entire management structure is sick and dysfunctional.

    Any board that would let Winsten begin a conference call with those kind of "passing the buck" comments, is, indeed SICK.

    I have no position in the stock, currently, and believe the company should be sold, at any price in the low teens, or higher. There is, and has not been, for years, a valid business model here. Let someone else make a go of it....or LIQUIDATE the company.

 
ALCS
6.52-1.62(-19.90%)Sep 18 3:59 PMEDT

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