cache, inc. has filed for bankruptcy protection… here’s what you...
TRANSCRIPT
Monthly Average FRISK® Scores
Business Name 2014 FEB
2014 MAR
2014 APR
2014 MAY
2014 JUN
2014 JUL
2014 AUG
2014 SEP
2014 OCT
2014 NOV
2014 DEC
2015 JAN
2015 FEB
Abercrombie & Fitch Co. 6 7 7 7 7 8 9 9 9 9 9 9 9
Aeropostale Inc 4 4 3 2 2 2 2 3 2 2 2 2 3
American Eagle
Outfitters 8 8 7 7 7 8 8 8 8 7 7 7 7
Apple Inc. 10 10 10 10 10 10 10 10 10 10 10 10 10
Ascena Retail Group Inc 7 7 7 7 8 8 8 8 6 6 6 6 6
AutoZone, Inc. 7 8 8 8 7 8 9 9 8 8 8 8 8
Bed Bath & Beyond Inc. 10 10 10 10 10 10 10 10 9 10 10 10 10
Best Buy Co Inc 7 7 7 7 8 9 9 8 8 8 8 8 8
Big Lots, Inc. 10 10 10 10 10 10 10 10 10 10 9 9 9
Brookstone Inc 4 4 4 emerged
Brown Shoe Company,
Inc. 7 7 7 7 6 7 7 7 6 6 6 6 6
Cache Inc 6 6 5 3 3 2 3 2 1 1 1 1 1 bankrupt
Casey's General Stores
Inc 8 8 8 7 8 7 7 7 7 7 7 7 7
Costco Wholesale
Corporation 10 10 10 10 10 10 10 10 10 10 10 10 10
CVS Health Corp 10 10 10 10 10 10 10 10 10 10 10 10 10
Dillard's, Inc. 9 9 10 10 9 9 9 9 9 9 9 9 9
Dollar Tree, Inc. 10 10 10 10 10 10 10 10 10 10 10 10 10
Gap Inc 10 10 10 10 10 10 10 10 10 10 10 10 10
H & M Hennes &
Mauritz AB 10 10 10 10 10 10 10 10 10 10 10 10 10
Cache, Inc. has filed for bankruptcy protection…
Here’s what you might have seen on the FRISK® history report each month!
1 (845) 230-3000 [email protected]
3 (845) 230-3000 [email protected]
Let’s take a closer look at our proprietary FRISK® Score…
…IMMEDIATE ACTION REQUIRED!
2014 2015
BK
The FRISK® dropped into the red territory, and subsequently tumbled from “5” to “1” in the months leading up to bankruptcy…
4 (845) 230-3000 [email protected]
Cache Inc.’s share price crashed 98.5% in the last 12 months, diving from approximately $6.00 a share in early 2014, to a mere $0.05 per share on the day it filed for bankruptcy protection…
7 (845) 230-3000 [email protected]
…need more depth? Look at the Quarterly Leverage Ratios
The risk of default is significantly heightened by the fact that 100% of the Company’s debt is payable within a year
…need more depth? Look at the Quarterly Liquidity Ratios and Rates of Return
8 (845) 230-3000 [email protected]
Unable to generate any positive returns…
…need more depth? Look at the Peer Analysis
10 (845) 230-3000 [email protected]
Bottom quartile in majority of ratios vs. Retail (Apparel) peers
11 (845) 230-3000 [email protected]
In the MD&A issued in March 2014, the Company reveals that it currently does not have sufficient cash to meet its working capital needs for the remainder for the fiscal year. Moreover, if it is unable to raise substantial capital from an intended rights offerings, or if it encounters unforeseen cash requirements, changes in vender terms, negative changes in macroeconomic conditions, and so on, this may materially and adversely affect its business, liquidity, and financials condition…
…and in February 2015, Cache, Inc. files for bankruptcy…