Talbots, Inc. (TLB)

[exlud]

From the 8-K posted 4/13:

As announced on December 20, 2011, Talbots Board of Directors is exploring a full range of strategic alternatives to maximize value for all Talbots stockholders. Pending that evaluation, the Company will continue to pursue its long range plan. In addition, the Board of Directors continues its previously announced search for a successor President and Chief Executive Officer.

The Board has not set a definitive timetable for the completion of its evaluation and the Company stated that there can be no assurance of any transaction as a result of the Board’s review. The Company does not intend to discuss the status of the evaluation or provide interim updates.

Perella Weinberg Partners is acting as financial advisor and Dewey & LeBoeuf LLP is acting as legal counsel to Talbots in connection with the Board’s evaluation of strategic alternatives.

I'd say they need to step up the search for a new President and CEO.
As far as "strategic alternatives" to "maximize value", exactly what the hell does that mean?
After a disappointing quarter and a disappointing year, TLB might want to present a concrete plan of action and someone to execute it.