Bruce Missett Quotations

I think the most encouraging part of what they're doing is that they have had now a certain amount of incremental time since Allen came on board to upgrade the executive suite, so to speak. The people are very experienced people that have a better sense of how a centrally managed business works.

Probably from a lot of perspectives, the fact that they hired someone with a substantial position with a growth company is a statement about what they think they will be able to do. They needed to get to the next level. I think Floyd did a phenomenal job getting them out of an incredibly deep hole. Floyd wasn't going to run this for another five years. They had to get to the next round of management. This is pretty impressive.

The numbers are there. They're seeing better comps (comparable-store sales). They are resetting the aisles, or just repositioning some of the product, and they're getting more competitive from a pricing point of view. But it's still a challenge. It's a very competitive environment for them.

They did an OK job for the quarter -- it looked like a respectable job. The true test comes in the holiday season -- and we don't have enough data points yet to know how well they'll do.

I don't know if anything was ever likely to happen.