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Fred's outlines 'substantial doubt' about 'ability to remain a going concern'

Meagan Nichols
Fred's outlines 'substantial doubt' about 'ability to remain a going concern'

In December 2016, with stock prices nearing $19, Alden Global Capital became Fred’s largest shareholder. Today, the New York hedge fund has continued to expand its control while the company’s emaciated stock sits below $1.