Maybe Not Good News!

[bukweet]

Founder of junk-car auction service Copart gives up CEO post, remains board chairman | Markets | Market News | Canadian Business Online

Shake up at the top of any business CAN make things better.
Let's hope it does.

 

[Gipraw]

comments like this are never good news:

The company has suffered five straight quarterly profit declines.

In December, the company said first quarter profits slid 5.3 percent. Copart has cited both currency exchange and the poor economy.


Hopefully their association with KB is part of the recovery plan, and they take advantage of KB's experience of maximizing his sponsors ROI.

 

[DrRocket]

Well, crap!!

I was wondering how this business model was working out. Shoot.

 

[George.]

comments like this are never good news:

The company has suffered five straight quarterly profit declines.

In December, the company said first quarter profits slid 5.3 percent. Copart has cited both currency exchange and the poor economy.


Hopefully their association with KB is part of the recovery plan, and they take advantage of KB's experience of maximizing his sponsors ROI.

I am sure Kenny & company have seen this happen to others before. I'm sure they are now implementing plan "B", and are on the hunt for a replacement sponsor as we speak.
When your ship isn't floating, it's because there's a giant hole in your hull. I don't think drag racing is going to plug it up.

 

[Super Mod]

All painted up blue, but seeing RED!?

 

[Nick Name]

What makes you think they have not done right by Kenny?

 

[mach9]

They're supposed to have some kind of tv show coming on this spring on Speed tv. Hopefully that will have a positive effect.