Escape From New York & Co.
Start spreading the news, shareholders are leaving today. They don't want to be a part of New York & Co. (Stock Quote: NWY)
The women's clothing store chain lost more than a quarter of its stock market value on Tuesday, closing at $2.31 per share, after it said its second-quarter loss will surpass the $4.8 million in red ink it spilled last year.
We don't know. They didn't tell us, or anybody else for that matter, which is why the stock fell faster than a New York minute on Tuesday morning.
Still, if the company wants to make it there — the New York Stock Exchange that is — or make it anywhere, it needs to give Wall Street analysts precise information. Not loose ends.
Dumb-o-meter score: 75 — New York needs better fashion — and financial — sense.