UPDATED: Cavalier, which has bank debt of $60 million, has issued another earnings downgrade and is expecting to post a full-year loss.
Shoeshine on Cavalier Corp.
Shareholder: “Quite frankly I am pretty disgusted to hear you describe your job as a poisoned chalice."
Alan James has defended his two-decade tenure.
Directors downgrade forecast.
Shares of Cavalier fell to the lowest in more than two decades as the carpet maker fails to lift earnings.
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