Caption Partners (“Caption”), a beneficial owner of more than 1% of the common stock of h.h. gregg (NYSE:HGG) (the “Company”), released a presentation today entitled “h.h. gregg: sizing up the Sears opportunity,” available at http://www.captionhgg.com.
The presentation outlines a massive opportunity for h.h. gregg to capitalize on robust U.S. appliance industry growth at a time when Sears is losing market share. Caption believes the Company should consider three actions to maximize shareholder value: resume strategic unit growth, increase the pace of share repurchases, and optimize its capital structure by utilizing the Company’s low-cost asset-backed loan facility.
The presentation was delivered to the Company’s Board of Directors on February 3 and was presented to management at h.h. gregg’s headquarters on February 11. Caption thanks management and the Board for considering its suggestions.
Contacts:
Jason Strasser, 347-797-5101
