The Container Store, facing financial struggles, may be sold after receiving a delisting notice from the NYSE. Sales fell by 21% in Q4, prompting the retailer to consider strategic alternatives, including a reverse stock split.
In a statement, The Container Store said it has notified the NYSE that is intends to regain compliance within the alloted six-month period would consider a reverse stock split. https://t.co/fvmC2ANZ10 #retail
🇺🇸 The Container Store faces delisting as Q4 sales plunge https://t.co/IJYlMDetxY
🇺🇸 The Container Store receives NYSE delisting notice; sales fall 21% https://t.co/oYYSitiiuL
The Container Store, founded as the original storage and organization store in 1978, may be sold after trying for years to grow the business. https://t.co/2yBRXunqSB
🇺🇸 The Container Store struggling, may be sold as it receives NYSE delisting notice https://t.co/RhjzzInno5
Container Store evaluates potential deals as stock faces threat of delisting https://t.co/9gaN0EPq78
The Container Store struggling, may be sold as it receives NYSE delisting notice https://t.co/PvUrPmrjno
The Container Store faces delisting as its Q4 sales plunge. The retailer continues to struggle, especially with general merchandise. But margins expanded and losses narrowed for the quarter and full year. #thecontainerstore https://t.co/B9KET1cU7E
The Container Store $TCS suspends financial guidance, announces reverse stock split, seeks strategic alternatives Seems like a good time to be a legacy retailer with mounting losses and limited viability: see $GME
The Container Store $TCS suspends financial guidance, announce reverse stock split, seeks strategic alternatives Seems like a good time to be a legacy retailer with mounting losses and limited viability: see $GME
I'd say it is very unlikely that the company is buying back stock. And if it is, there was $101mm left on its authorization... so it would be ~2.5% of today's volume. https://t.co/vlqmocYpxf
IS THIS A BUYBACK?!?!?! HOLY SHIT. $GME SEC Rule 10b-18 rule 10b-18 provides an issuer a safe harbor from liability for manipulation in connection with stock repurchases in the open market (see top left calculation) credit to my intern: @Petr0n0mics https://t.co/Sjgr8pP4Gw