Lawson continues to erode sales, profits and investor confidence. Sure, the stock will pop back up - usually does when it gets this low, but LAWS will never get back into the high 30's and 40's until this thing is broken up and sold.

They announced a 10% reduction in force/layoffs in the next few weeks. After the cuts from the FBI investigation, the consolidation of two business units into the main business and general attrition (lots of older employees), LAWS is not going to be able to attract and retain good leadership. Harry - gott get out of OfficeMax - Docelli and a few temps are their most recent additions.

The past/current leadership failed to overcome the power of its Agents/District Managers who dictated how the company was to be run, an outdated pricing model that charged 2-3X what competitors did for commodity items, and ran by leaders more interested in their bonus than in customers, employees, etc.

I wonder if the senior mgt team could even name the company's top 10 customers - that is how out of touch these guys are.
Very sad.