Buzz around corporate this morning is about an upcoming SEC filing by Starboard. Any idea what this may be? Sale?
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Advance is the new Sears?
To answer your question, the SEC filing is required by all companies that trade. It is the financial reports that are due throughout the year.
I think the stock will continue to decline to a little lower price than it was before the CQ purchase at somewhere just below the $70 mark. Meaning all the gains from the purchase of CQ will have completely vanished!
Now that's what I call great management!
Between the two Sears would be the better buy!
As a CARQUEST employee who's store was closed and transitioned into Advance store this is the most poorly run company I have ever worked for.
Advance Auto Parts is financially top heavy and has cut lower management people and employee hours to all time lows in an attempt to remain profitable. It would be wise to restructure the companies CEO and other top brass to reduce costs instead of losing customer service. This is another example of desperation as Advance continues to fumble the ball with incompetent upper management. Many bad decisions and no accountability for the actions, maybe it is time for some serious changes.
The way sales and stock market value is going it should be bankruptcy protection. Buying Advance Auto would be like buying Sears.... They are retail Loss Leaders with poor management, operations and inventory.