Ascena Retail Group Inc fka ASNAQ

[tdeck]

Excellent point, this is all part of the change going forward they have, that will give $150 million in savings this year which started Aug 5th, it had been spoken of in the past and was in the 10Q's like the last 10Q that was just a footnote. That they had let go of 180 employees as part of cost cutting measure and reorganization and since the layoffs happened in June the $15 million in severances etc would not be put on the balance sheet til Q4 that just reported as it was not a set $$ amount. So there was near .01 of the .13 loss, but as the CEO it hurts now but going forward we will be saving .01 a share a Q or .04 a share.

I want to see the 10K so I can sift through it and find other one off costs this Q that going forward will make a big deal positively. Obviously the Dress Barn closures being settled is huge weight life off out backs, want to see how much inventory there is in Dress Barn as of the end of this Q we are in. That will give a nice look into the cash bump we will get to the balance sheet on the closing of Dress Barn completely. As all the inventory will be turned into cash.

One peak at that type of bump came this Q and although with closing down old under performing stores across the board dis have a lot of write down losses, impairments, loss of future business etc they aren't losses like losses I wish they wouldn't even announce them just put the in the Q put them page one, but that is all people, and they literally take i as you are losing folding money I always found that ambiguous like the new rule of putting long term lease payments as debts, but then they are also an asset, its like are trying to make it so investors have to hire and accountant to read a filing? Is this some union thing LOL.

its getting ridiculous one has to go to investopedia to reads them anymore and at the end of the day after its added her, some taken away there it means --ck all. Like loss of future business, you close a business that is losing you 100 million a year, but that gets written down as a loss as its a loss of revenues, well they are revenues and making those revenues is losing money so how is losing them a loss?

I mean seriously, I know they can explain it away somehow some way, like the new lease listed as debt rule but partially listed as an asset is important some how to the point it shouldn't be in the notes it should be up front and center and a something similar to Pythagorean's Theorem must be used to decipher it. Just venting, I literally am going to see accountants this week see if i can make a deal to have one read filings for me and not charge me an arm and a leg. Its gotten to that point, once you think you got it they change it, and I just want to know if there are any secrets hidden in there and what does X really mean, oh .002457 % okay nothing really alright.

But anyway yeah want to see where the other saving which cost some this Q will be paying imitate dividends going forward this next Q like the 180 employees we let go. That has been needed a while, they held on to Dress barn 3-5 years longer than they should have IMHO, but, I am sure that had something to do with family and mom since it was her baby.

I will be glad when the doors close on that overnight drop $100 mil in losses and another 100+ (Hopefully 300) payroll on the corporate level that can move on.

Would love it if we could get rid of the some of the warehouses etc for Dress Barn, not sure what at this point they share with other parts and corp HQ for Dress barn that will be a large piece of real estate we won;t have to pay for they should be looking at losing at least one Corp. HQ and combine the rest under 1 roof with hopefully fashion gone and out of the picture. Ann Taylor, Loft, Justice perfect size company would be left doing 3.5 billion a year without all that back end cost lost could make $250-350 million a year.

Looking forward to seeing Maurice's going forward, the costly part done, transitions to for new owners is always a costly process. Now that that is through going forward that should grow by Q into a thriving operation. The company we own it with now are very good at what they do. The last one they turned around was in really bad shape where Maurice's just needs some serous tweaking as it was the only profitable in the value fashion line Dress Barn pulling it down eating all its gains.

This is their wiki page and they do turnarounds fast and sell them. So that is a nice nice 49% dividend we have going forward. I don't see this being a long term thing I am seeing this as a quick in and out year maybe 18 months 2 years at the most until then make some $ every Q as they streamline and it and build revenues profits so it can be sold.

https://en.wikipedia.org/wiki/OpCapita


Crazy they have us valued $61 mil although going up, and there is Maurice's in the hands of very capable proven partner sitting there they must value out 49% of that at nothing I guess LOL, unless it was closed then you got some write down losses future business and all LOLOLOLLOL accountants and the SEC LOL. You made but you lost, you sut costs to save, but you still lose LOL.

Hilarious sell a business but we are going to write it down as a loss, you got 200 mil for half but you lost future revenue so you lose again, kind of like government and dealing with them, even when you win they say you lose.
Peace out.