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Stock Market & Financial Investment News

News Breaks
May 22, 2014
08:32 EDTVVTVValueVision sends letter to shareholders defending current strategy
ValueVision mailed a letter to its shareholders claiming the company's execution of its strategy to transform into a multichannel retail destination has been succesful and urging shareholders to vote for the board's nominees. ValueVision's 2014 Annual Meeting of Shareholders is scheduled for Wednesday, June 18. Chairman of the Board Randy Ronning states, "Your Board of Directors urges you to vote the enclosed white proxy card "for" ValueVision's eight highly qualified and experienced nominees. The Clinton Group wants to replace six of these directors with its own nominees without presenting a clear strategy to create shareholder value." The letter states that the current leadership have returned the company to positive sales growth and a return of 166.1%, and turned it into a multichannel retail destination with record customer levels. The letter then claims that Clinton's campaign to control the company includes no clear strategy to increase shareholder value.
News For VVTV From The Last 14 Days
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August 20, 2014
07:39 EDTVVTVValueVision reports Q2 adjusted EPS 1c, consensus 2c
Reports Q2 revenue $156.6M, consensus $157.35M.

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