CEO makes 22,000,000???? Yep there's the problem. Cut 500 jobs, yeah that'll fix it. Greedy Bastards!
15 replies (most recent on top)
Time to sale!
Think Mike B. What a joke:
Yeah you go ahead and recruit some AutoZone people! You bunch of morons that's what T3 did at CARQUEST and look what happened there! What a bunch of idiots we have running this company!
Advance is a huge joke and everyone that knows auto parts is already aware of the stupidity and horrible service they provide. No turning back now the ship is taking on water too fast.
AZO stock was $813 for a yearly high and last quarter they has a sales growth of 3.3%, yet recently it has not stayed long over $600. Why would they go to AAP with no sales growth and in a downward spiral while they are positioned at AZO for a breakout at the first of the year???? AAP is the laughing stock of the Automotive Aftermarket!!
Wishful thinking. There are no changes that will turn this around in Q1. The only solution is to cut expenses and they are doing that it seems. The problem is the people and the loss of people as well as competition that is doing it better. This company is reverting back to a retail company because everyone has a retail mindset just like Autozone, they don't know the commecial side of the business. Retail will keep slumping because of pricing and online competition. Commercial will keep dropping because of the lack of people, knowledge, and service. The downfall was thinking they could integrate a CARQUEST and an Advance successfully.
This is what happens when you pool people from all industries but automotive and make sure they can sell, count inventory, and look at a p&l but have no idea how to look up the right part!
I thought all the layoffs, inventory reduction and removal of mid management vehicles and cellphones was to put value back into the company. Haven't seen it. Looks more like the past moves was to slow down bleeding that's already in place.
Look we need positive people on the ground. I hear many of you complaining about upper management. Again, we are currently scouting mid and upper level management from AZ. this will be announced q1 and most of them are already in place.
THis is a great buying opertunity set your own destiny and buy as much as possible.
You go ahead and buy all the stock you want. You been listening to upper management blow the same smoke up they been blowing all year. Our DM has told us every quarter this year
"Oh there is some great stuff coming next period just hang in there." We haven't seen anything yet! Insurance going up 10%, hours cut for hourly employees and when has anybody last seen a pay raise with this company? So if you believe this companys stock is going to hit 200 somebody need to send you for a drug test!
We will be making several changes q1 that will greatly improve profits. This will drive our stock price beyond the 200 make set by Darren. Great things in store. A smart decision is to buy as much stock as possible now and q4.
Hmmmm, you would think this to be illegal ?
Umm...The chairman of the board is a known activist investor. He is driving this hit. He just bought quite a bit more stock. He knows what he is doing.
I am surprised the stockholders have not started a revolt, can't wait to see how this disaster plays out.