RE:RE:Take action in prep for the annual shareholder meeting...Donkey, it's not so much about offsetting kramer and fleming's shares but to stir the pot so that their cronies, synchopants, on the board are outsed. that's what happened to the last group of useless directors. eventually, they'll staff the board with outsiders, or perhaps with guidance from young and celia, and put qualified board directors. right now, the old and current board are rubber stampers. an effective board could have helped to miss so many of mgmt's missteps. imho.
Donkey2016 wrote: I'm not exactly sure how much retail will be able to do to offset Kramer + Harry's shares, but feel free to give them as much grief as you'd like during the shareholders meeting - it is certainly justified. Creative inspiratiion below Sanchez:
https://www.vanityfair.com/news/2013/10/dan-loeb-mean-letters
On your comment on David Young as a step in the right direction, you're spot on, but I'd also add Marc Celia to that discussion big time. Compare the backgrounds on linkedin of Marc vs. Ken. I want a 6 sigma blackbelt/LEAN specialist running my ops as COO (i.e. Marc) tied together with a competent CFO. We're at a point where process and operational execution count big time (and the market clearly values these attributes more than growth).
Unfortunately, it takes longer to see the impact of moving margin (this isn't something thats fixed thru M&A) - it's the transition from a mom and pop operation to a larger public company. It would have been a smart messaging move (and maybe we'll see it in time) for IR to provide a more comprehensive 3-year profit improvement plan and targets. Granted their collective credibility is not high at the moment after several miscues, but if they can show some progress in hitting intermediate targets (and hit guidance in 2017), there is a strong possibility that investors will begin to give credit for the end result.
MrDirtySanchez1 wrote: Use your shareholder proxy voting to vote out the useless board directors and voice your opinions. David Young is in the right step. Just want to make sure Harry doesn't step down to pass the torch to Ken Efird as he's part of the problem. Need new blood or else this is reall in the $hitter.