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Bullboard - Stock Discussion Forum Cash Store Financial Services Inc CSFS

NYSE:CSFS - Post Discussion

Cash Store Financial Services Inc > I am not surprised
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Post by Jackroy on Feb 20, 2014 3:22pm

I am not surprised

I am not surprised by the ultimate demise of this company. The management team was not suited to work within a regulated environment and the new employees that were brought on over the past couple of years did not seem to have the capacity or the gumption to make changes quickly enough. They are probably more culpable when you think about it as they were broght in to make the changes
Comment by insightfultruth on Feb 21, 2014 8:01am
Just checked out the CSF corporate site. All VPs have been removed as corporate officers, only six remain there. What's interesting is that there are notable absences such as the two seniors brought in recently to stabilize ops, in addition to an exec VP who I believe has been with the company from the start. Looks like parachutes are being deployed and the stock is falling faster than a 747 ...more  
Comment by spinoza on Feb 21, 2014 1:04pm
Cash Store Financial Provides Update On Strategic Review Process   EDMONTON, Feb. 20, 2014 /CNW/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") (TSX: CSF; NYSE: CSFS) today announced that the special committee of its Board of Directors has selected Rothschild as its independent financial advisor to assist it in its strategic ...more