SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : GROS- Grossman's: A $.70 value play
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Andrew who wrote ()11/1/1997 11:43:00 AM
From: RACm  Read Replies (1) of 174
 
Grossman1s net plummeted last month

Canton, Mass. - Oct. 31, 1997 - Grossman1s Inc. suffered a net loss of
$1.9 million on sales of $28 million in September, show papers filed
with the U.S. Bankruptcy Court. The sales performance was a sharp
improvement over the retailer1s July and August results, where revenues
for both months fell below $21 million. Grossman1s earnings, however,
have yet to improve, seesawing between $1 million and $2 million each
month this year.

In other news, the U.S. Bankruptcy Court has set a Dec. 8 date for the
company1s confirmation hearing, and the retailer plans to mail out
solicitation materials regarding its reorganization by next week,
according to a Federal Filings report
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News