Is it a sign of a well managed company that they figure out, shortly after hiring him, that they're not happy with the guy? I wish I would have kept my short open, but this was not something I could have anticipated. May short again, at the opening, if we're at $8.90 or higher.
Who do think might be a prospective buyer? All they would be purchasing is stale inventory and off the beaten path locations. I would have thought a buyout offer would have come a year ago when the stock was under $5 than now with the stock at $8.
This is why i did not trust the rapid run up to 9.50 plus. TUES has a way of disappointing. Remember a couple yrs ago when it ran to 8.80 and sunk just as quickly to 3 plus. thats why i bailed at 8.47. Not that it may not recover, but i am out for good on this one
After visiting a couple of stores this weekend, I firmly believe mgmt made a conscious decision to cannabilize the current quarter's sales by lowering margins and selling their best inventory last quarter. The stores are emptier than they were on previous visits, and what is left is largely stale inventory imo. I've been wrong here before though.
They also sold a lot of #$%$ inventory in Nov/Dec to hopefully never return to those items. The new "tues" morning sale yesterday was great again. I went to one of their larger stores after 3:00 PM and it was still crowded. Smart move in changing the monthly sale to a weekend when more customers can come in. And as far as Brady goes, I heard he was more gestapo than manager. Some of his correspondance was border line harassment. He did, however, provide the impetus to start meaningful change.