Turnaround/restructuring advisor as CEO = high likelihood of a cut (99.9%). Very curious what the plan will be... wanted to do some work to get it back on my radar.
Surprised by this... they must expect another year of heavy working capital inflows... capex + dividend is ~$70m another $10-15m store closing costs and principal payments on leases of $30-40m = $120-130m operating cash flow
Really expected them to cut the div this week. Hopefully Mario's 13D is basically saying do this. Strange. Seems like the lowest hanging fruit. I think this is when I would leg in. That said, it may actually pop a little if/when they cut.
Probably a buy once they cut the dividend. The 9% yield and 100% payout ratio is a bit concerning.
Turnaround/restructuring advisor as CEO = high likelihood of a cut (99.9%). Very curious what the plan will be... wanted to do some work to get it back on my radar.
People need to change the tires afterall.
$290 000 per store was a little bit too cheap, perhaps below a replacement cost.
They kept the dividend steady today
Surprised by this... they must expect another year of heavy working capital inflows... capex + dividend is ~$70m another $10-15m store closing costs and principal payments on leases of $30-40m = $120-130m operating cash flow
Any comp info published for new CEO
Might just be a consulting agreement... will prob get more details soon.
https://www.sec.gov/ix?doc=/Archives/edgar/data/876427/000119312525068897/d937268d8k.htm
Really expected them to cut the div this week. Hopefully Mario's 13D is basically saying do this. Strange. Seems like the lowest hanging fruit. I think this is when I would leg in. That said, it may actually pop a little if/when they cut.