Last $0.04 USD
Change Today +0.0005 / 1.17%
Volume 1.6M
CACH On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

cache inc (CACH) Key Developments

Cache, Inc. Receives Non-Compliance Notice From Nasdaq

On January 2, 2015, Cache, Inc. was notified by the Nasdaq Stock Market that it is not in compliance with the continued listing requirement for the Nasdaq Global Select Market contained in Nasdaq Listing Rule 5450(b)(1)(C) requiring the company to maintain a minimum Market Value of Publicly Held Shares (MVPHS) of $5,000,000. The notification letter does not impact the company’s listing on the Nasdaq Global Select Market at this time. Pursuant to Nasdaq Listing Rules, the company has 180 calendar days, or until July 1, 2015, to regain compliance with Nasdaq Listing Rule 5450(b)(1)(C). To regain compliance, the company’s MVPHS must close at $5,000,000 or more for a minimum of 10 consecutive business days.

Arnold Cohen Resigns as Executive Vice President, Chief Marketing Officer of Cache Inc, Effective January 2, 2015

On December 12, 2014, Cache Inc. accepted the resignation of Arnold Cohen from his position as Executive Vice President, Chief Marketing Officer of the Company, effective January 2, 2015.

Cache Seeks Sale

Cache Inc. (NasdaqGS:CACH) said it is considering an offer from a third party regarding a potential sale of the company.

Cache Considers A Strategic Review

Cache Inc. (NasdaqGS:CACH) is looking to explore and evaluate strategic alternatives including a possible merger, sale or other form of business combination. No set timetable for the strategic review process and no formal or binding offers have been made to date and the Company has not made a decision to pursue any specific transaction. Company does not intend to disclose or comment on further developments unless and until its Board of Directors approves a specific action or it otherwise concludes its review of strategic alternatives. Janney Montgomery Scott LLC has been appointed to explore the alternatives.

Cache Receives Non-Compliance Notice From NASDAQ

On November 17, 2014, Cache, Inc. was notified by the Nasdaq Stock Market that it is not in compliance with the continued listing requirements for the Nasdaq Global Select Market contained in Nasdaq Listing Rule 5450(b)(1)(A) requiring the Company maintain a minimum of $10,000,000 in stockholders’ equity. The notification letter does not impact the Company’s listing on the Nasdaq Global Select Market at this time. Pursuant to Nasdaq Listing Rules, the Company has 45 calendar days, or until January 2, 2015, to submit a plan to regain compliance with Nasdaq Listing Rule 5450(b)(1)(A). In the event the Company submits a plan to regain compliance, the Company may be eligible for an additional 180-day grace period to regain compliance. The Company intends to consider all available options to regain compliance with the Nasdaq’s continued listing requirements.

 

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Industry Analysis

CACH

Industry Average

Valuation CACH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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