Now this story is not only about HCM – but I can’t help but think that Sr. Management’s complete disconnect from their workforce and customers is really costing them.
News from Circuit City –
The company expects a loss from continuing operations before income taxes of $80 million to $90 million for the first quarter.In early April, Circuit City forecast a pretax loss of $40 million to $50 million for the first half with a strong recovery in the second half. But yesterday, it withdrew that outlook, citing “uncertainties in the current operating environment.”
Of course this follows on the heels of this brilliant announcement:
Which I interpreted as a sign to sell CC Short
Which turned out to be pretty good advice – see chart below:
CC Performance – April 2007
And I don’t think this one is ever near done dropping.