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Gordmans Stores, Inc. Message Board

  • jh89169 jh89169 Jul 15, 2014 11:37 AM Flag

    Gman has been raped!

    It seems to me that Sun Capital is exploiting this company as a separate entity, by taking as much out of the company as they possibly can, and leaving the shareholder holding the bag. After they sold almost half of the company to public investors, to get most of their investment back, they turn around an declare a special $3.60 a share dividend for a total of 70 millions dollars that they had to raise by mortgaging Gman not Sun Capital, by netting Sun capital 35 million dollars by putting gman further in debt! Ever since than, the stock has continued to drop to historic levels. With huge debt and slow sales, you are playing with fire now!

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