Seems some cash has dropped for some reason. they had a good quarter, where did it go. Maybe they are taking it bankrupt to get the whole thing for free. Otherwise profits are massive.
They did something brilliant with it; they overpaid to buyback their own stock. Good looking out.
goog thing they stopped buyback now that stock is cheap :)
Where did all the cash go? Joly's "incentive" package probably.
In retail, it is expensive to close stores. This stock may go lower but it is not close to bankruptcy IMO. Should generate over 1 Bil cash this year alone.
Its called a restructure which is spending more for a Q or 2 to earn more then next 5-10 years.