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when continued drops in revenues at most stores

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236T568 Member Level  Thursday, 04/11/19 10:43:54 AM
Re: Mustang66 post# 97
Post # of 136 
when continued drops in revenues at most stores occurs and a massive amount of less producing stores are closed, a big time write-down will occur and the selling of the whole company is always an alternative, but probably at a price closer to $1.00/share

earnings are expected to be announce May 3rd and the 10K is due May 6th

it will be a disaster



Quote:
I am almost wondering if this isn't getting prepared for a sale? Hire a consultant, dump the lease spaces, trim the fat; pad the balance sheet(i.e.-pharmacy sale to Walgreen's), then look for a prospective buyer(Dollar General, Dollar Tree, etc?).
No shares for me at the moment, but keeping it on my radar.



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