AAP is now considered a takeover target (per Jim Cramer CNBC). Other than Carl Icahn, who would want to buy this train wreck?
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In reality the only people that care if this company is successful are the shareholders, and that includes Starboard Value. Since Starboard got Jazzy Jeff on the board of directors it has been a complete downward spiral, Is this the plan, could this be what Starboard wants? No matter what happens this hedge fund company did not become known for it's love of employees or customers, it is all about the money.
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Man Walks on Moon!"
Go peddle your b---s--- somewhere else.
Yes this was especially interesting..
"I've even recommended Advance Auto Parts as a takeover target at the Deal Economy conference a couple weeks ago because Jeff Smith, who runs Starboard Value, the activist fund, is Advance Auto's chairman. I bet he'd love to get [a deal] out of this one,"
This just in:
Man Walks on Moon!