This guy moved fast, just last week he was running the show at tandy, Maybe the girl board of director that resigned got him the job
Chuck Talley's Overview
Chief Financial Officer at Jani-King International, Inc.
Chief Financial Officer at Tandy Brands Accessories
Chief Accounting Officer (CAO) at Tandy Brands Accessories
Corporate Controller at Tandy Brands Accessories
I second that about all the employees (Excluding the executives)
The debt seems like it is all in inventory somewhere. At some stage of the game.
The profitability is a large concern I have. Seems like with all the cuts they have done over the last few years and with the economy growing the way it has profitability should have already taken place... It is just stunning that it has not taken place.
Maybe the business model has changed and they just can't seem to get expenses below revenues. The internet has made things much more competitive and changed business models. Basically all they are is a middle man now. They really don't make anything. Who needs a middle man now with the internet? I wonder if the internet has changed Tandy brands for good?
well, anyone that has a large position in this boy must be selling down to a sleeping level. If they don't there is something wrong with them. There are old traders and bold traders but no old bold traders)
The Company also announced the elimination of the Chief Restructuring Officer ("CRO") role. On March 8, 2013, the Company appointed John Little from Deloitte Financial Advisory Services LLP as a consultant filling the CRO role and performing the following duties under the CRO engagement:
Evaluating capital structure alternatives and identifying additional sources of financing
Developing and executing plans to improve liquidity against existing assets
Executing profitability improvement initiatives
Communicating with select key stakeholders
"John and the CRO role added value to our organization during a difficult time," said McGeachy. "During the past four months we've successfully maintained service to our retailers, executed our restructuring initiatives, and closed our new credit facilities. We thank John for his contributions," said McGeachy.
You may have already noticed... I am no English major....
Well they started working with this guy on nov 13th, so it does not surprise me that the two left on nov 30. Either a bk or a buy out will happen soon.... but if there was a buy out coming then why would the board of director leave? Seems like they would stick around for that...
Company has paid RAS a total of $64,240 in fees and $5,084 in expense reimbursements through November 30, 2013. In addition to the Services Agreement, on December 3, 2013, the Company entered into an additional agreement with RAS providing for Mr. Boates’ engagement as Chief Restructuring Officer.
Thanks, It's a tough call. I think the whole thing turn into a fraud when rod took over. I bet one could win a case for misleading investors. They said they secured financing in July and would not need financing for the rest of the year....
Likely two buyers because they fought for a market order sent to them like a couple of seaguls fighting for a french fry in a McDonald's parking lot.
Takes a strong stomach to go in and buy today. I think even luke is taking the day off. Luke has gone home with his tail between his legs....
I think based on where the stock is today that they all were bad. They were just there to collect their 50k for doing nothing good. It was good publicity for their careers It is a shame.