Replies to post #33433 on JRjr33 Inc (JRJRQ)

[Stampman]

From the Columbus Dispatch
"Since I started ... I have listened and debated the topic of moving everyone under one roof," said John Rochon Jr., Longaberger CEO, in a message to employees. "I always agreed it was the smart thing to do but I always hesitated because I wanted to gauge the importance of the Big Basket to the sales force."

After spending the past year shuttling between the headquarters building and the manufacturing complex, "I now know why everyone has desired to move," Rochon said. "The energy and (company founder Dave Longaberger's) spirit is on the floor with the basketmakers. Honestly, mine is too."

The final element that persuaded Rochon was when the company recently bought a new telephone system.

"At that point, a group of leaders within the company said that if I would ever consider allowing everyone to move, now would be a logical time," Rochon said. "So, I held a private company meeting and with tears of joy and smiles, I broke down and agreed to it."

The article also said TLC has been behind on property taxes since 2006. Maybe Tami should have paid the taxes and upkeep instead of buying a mansion and golf course except she did not care about the business, she just wanted her lavish lifestyle at the expense of her employees.

[CPA-INVESTOR]

Invest in 180,000 square foot basket? Ha! So the shorts think the company should have maintained the basket and paid the absorbent costs to upkeep this thing when they are occupying less then 1/10th of it? They are fixing the supply chain, fixing order fill rates, reinvigorating the sales force, and supplying back office support. And they paid all of the debt!!! Real estate taxes are not debt when you are donating a building or walking away from it. They have no financial obligation (legal or otherwise) to pay it. This is a brilliant move by management. They are brilliant to leave the basket which was built when the company was doing a billion a year in revenue in the 90's.

It is quite obvious the shorts or former employees or whoever keeps posting this garbage has any clue how you turnaround a company. Moving out of the basket is an absolutely bullish move by very financially savvy management.

[BENBUNGE]

ask yourself,why would you keep that basket open in the first place,it was nothing but a money drain,very good business move ,I applaud the co.IT COMPETED AGAINST THE REPS,MAKE NO SENSE AT ALL!!!