(1)FRAN
This is a turn around EP, FRAN does not show any fundamental improvement, no positive surprise in recent earning. The CEO change is the catalyst, and market has very high positive expectation on it. The volume is all time high, price action is very good.
Francesca's Holdings Corporation (FRAN) today announced that specialty retailing veteran Michael W. Barnes has been named Chairman, President, and Chief Executive Officer, effective immediately.
Mr. Barnes joins francesca's after serving as Chief Executive Officer of Signet Jewelers, Ltd. (SIG) since 2011. He led Signet's $1.46 billion acquisition of Zale Corp., which transformed Signet into the largest specialty jewelry retailer in the U.S., U.K. and Canada with approximately 3,500 retail outlets. Signet's share price almost tripled during Mr. Barnes nearly four-year tenure.
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