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The Company is a mall-based specialty retailer of casual apparel and accessories. The Company designs, markets and sells its own brand of merchandise principally targeting 11 to 18 year-old young women and young men.
The company is currently fundamentally impaired. I should have known something was wrong when the female ceo had to leave. Then they embarked on a disastrous stock buy back at the high teens and combined with deteriorating same store sales, you get a crumbling stock. Terrible management and is great at destroying capital. Makes you wonder why a company who did so well during the recession decides to suddenly cancel same store statistics monthly.Not to mention, anyone who believes they are a value candidate should just drop that pretense since their balance sheet is being shot up by horrible buy backs and dwindling earnings.
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