For their next CEO they brought in their old CEO (the one before Johnson) in an interim capacity. A lot of analysts are expecting them to be taken private.
The same board that hired him and let him run the company into the ground will likely hire someone just as bad
“A lot of analysts are expecting them to be taken private.”
*****
Boggles the mind that any public or private venture would want to acquire this road kill. Should be a prime candidate for a Chapter 11 reorg or alternatively a Chapter 7 liquidation.
Would be a much more attractive acquisition target if it shed leases and other liabilities in Chapter 11.