After writing about the news of Felicia’s new employment with 99 Stores Only, we thought we’d catch up with her cohort, Jim Gooch. Others may have already uncovered this, but it was news to us (or maybe we’d purged it from our memory) to learn that he’s been on the Board of Directors for Sears Hometown and Outlet Stores (NASDAQ: SHOS) since the spring of 2013. As a member of the Board, Jim serves as the Chair of both the audit and compensation committees.
A quick glance at the stock’s performance shows that upon naming him to the board, SHOS quickly reached an all-time high of $56.62. Today the price sits at just under $9.
Reminds us of another company whose stock price nosedived in a similar trajectory: Radio Shack