Everyone knows what kind of fraud this company is. Outsiders have a pretty good picture. Better than those working there maybe. Listen to the last conference call after earnings were released. Those analysts were pretty clear in their tone that management has zero credibility. Usually calls are a benign back and forth. This one was pretty awful. The next one will be even worse. It is near impossible to regain credibility and good reputation once it's lost. Customers are not coming back. There are easier options than coming into a store that has the negative vibe this company now seams to be championing.
The chances there is a real buyer for this company are slim. If riggio is going to take it private with help, a bad earnings number along with cancelling the dividend will tank the share price and make it cheaper to do so. But...he is in essence lighting his own house on fire so he can buy it cheaper. The imagined value in the name is forever gone.
I can't think of the last good idea the company has had. There is no way they can go 100 for 100 with bad ideas. It has to be on purpose. One or two good ideas would have to sneak their way through???
The stock symbol should be WEFT. (Wrong every ____ time)
Nicely put by @YqbZXgU-3sxl . A truthful post, no doubt.