Tucker Anthony Sees a Shortfall for Wild Oats

Analyst Carole Buyers says the CFO's abrupt departure points to instability and a lack of visibility at the retail grocery chain

Tucker Anthony sees a Q2 earnings shortfall for Wild Oats (OATS ).

Analyst Carole Buyers says she recently learned the company's CFO, Mary Beth Lewis, has departed. She says the company has not yet issued a press release or formal announcement of this change, which suggests that a replacement has not yet been found. Buyers doesn't find the CFO's departure surprising, given the company's comprehensive debt restructuring and equity financing program.

She views the departure as another indication of instability and lack of visibility. Buyers sees the Q2 EPS report, due in August, falling below her $0.05 EPS (pro forma) estimates. She maintains her market perform rating.

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