RETAIL/LEISURE
On the Bright Side: The chips may be down, but top executives of the Cardis Corp. in Buena Park are keeping the faith.
A day after the operator of retail stores and warehouse distribution centers reported a net loss of $960,000 for its first quarter, the company said some of its executives had exercised stock options in August.
The options were for a total of 890,584 shares, or approximately 8% of the company’s 10.95-million shares outstanding as of April 30.
“Our confidence in this company’s future is demonstrated by the management group’s exercise of its stock options,” said Cardis President Kenneth Walker.
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