So why don't they fire him?
He doesn't know a damn thing about furniture, and has single handedly destroyed this company's culture...and any remaining value added proposition.
You can't simply cut your way to success. Game is decidedly OVER here.
Bankruptcy within 6-9 months.
Interesting, though, that over the past month or two every time it dips below $1 it bounces back. Meaningful? I dunno. But interesting.
You are right Longtime, I have been saying this for the last few years. The board is in his back pocket.
I have said it for MANY years. The guy has had more years than any legitimate company would allow. This makes no sense at all, I don't understand the major holders tolerating it.