It's a great company, and the stock was pretty cheap until today. It's a leader in the arts and crafts industry, it's much bigger than its competition, has much higher profitability and consistently superior same-store sales growth.
More Quotes from William Armstrong:
Considering Wall Street held serious doubts about Tweeter's survival, ... if the company can continue this sales momentum through the holiday season, it will be on much more solid footing and have a better chance for survival.William Armstrong
Tweeter has been losing market share to the big guys. It served a higher-end customer, and historically it differentiated itself with home audio, but that business has fallen off a cliff. No one buys stereos anymore. They buy MP3 players, and you don't need the same kind of service to sell these lower priced, lower margin products.
William Armstrong
In my opinion, I'd rather have Barnes Noble's book business than Borders book business,
William Armstrong
Amazon had to build its name up from scratch, ... Barnes and Noble, on the other hand, is very well known. It's obviously much bigger and has greater financial resources.
William Armstrong
We have not seen our health-care budget shrink during the past few years. We are not aware of any impending cuts. No matter what the budget, our first priority is to provide quality care to our veterans, and this will not be sacrificed.
William Armstrong
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