One of the big names in sportswear promotional products, Next Inc. commented on the reason decline in its share price within the last quarter of 2005.
Robert Budd, CEO of Next Inc. stated, "Like our shareholders, we too are concerned about the recent decline of our share price. With management and the Board of Directors collectively owning significant shares, our interests are directly aligned with our shareholders. I am committed to building bottom line profits, which in turn should build shareholder value."
Analysis of the data showed that the company was able to report an increase in sales of 24%, and Budd has been recently hired as the company’s new CEO.
