What? Dillard's not return a phone call? | Arkansas Blog

Thursday, June 28, 2007

What? Dillard's not return a phone call?

Posted By on Thu, Jun 28, 2007 at 8:48 AM

Investors in Dillard's want to meet with management on ways to increase shareholder value. Uh huh. Said Baring Capital Group, which owns 3.2 percent of Dillard's (non-controlling) common stock:

We have invested in Dillard's, whose shares we believe are undervalued, as we are convinced that we can assist the Company in dramatically improving shareholder value. As we have not been able to reach you by telephone, we are writing to request to meet with you and members of your management team. We would like to discuss a number of measures that we believe will increase the Company's profitability to levels achieved by its peers and better utilize the Company's substantial asset base. These include initiatives that would augment the Company's existing operating strategy in areas such as merchandising, inventory management and cost containment, as well as measures to unlock the value of the Company's real estate portfolio. ...

Market seems to like this news. Guy I know thinks management will have to take a meeting with such a sizable shareholder. Doesn't mean they'll do anything, though. Or have to, given the stock structure that leaves Dillard family in absolute control.

From the ArkTimes store

Favorite

Comments

Subscribe to this thread:

Add a comment

More by Max Brantley

  • Amazon's HQ2: Today' is Little Rock's big reveal

    Thinking positive in advance of Little Rock's announcement of its response to Amazon's request for bids to host a new headquarters.
    • Oct 19, 2017
  • If Cotton tapped for CIA, then what?

    Times columnist Jay Barth speculates this week on the fallout should Sen. Tom Cotton be appointed as Donald Trump's CIA director (itself only speculation at this point).
    • Oct 19, 2017
  • April Ryan speaks tonight at Philander Smith

    April Ryan,who covers the White House for American Urban Radio, will open this year's edition of Philander Smith College's Bless the Mic Lecture Series at 7 p.m. today at the college.
    • Oct 19, 2017
  • More »

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • 'Million-Dollar Thursday': A visit to Sherwood's hot check court

    We take a visit to the weekly hot check court in Sherwood District Court, the subject of a recent civil rights lawsuit filed by ACLU Arkansas and others, who say the system there results in a modern-day debtor's prison
    • Aug 25, 2016
  • Policy group urges opposition to new charter seats in Little Rock

    The Arkansas Public Policy Panel is urging supporters of the Little Rock School District to tell state Board of Education members they oppose applications to be heard this week to dramatically expand the number of charter school seats in the Little Rock School District.
    • Mar 9, 2016

Most Shared

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation