Loretta Lee Explains Why On Bloomberg, page-5

Yes, I suspect of lot of us are here because of the low valuation. But the dividend which made it easy to have patience was just cancelled. They might end up losing a lot of money trying to make shoes in the USA.

Also, the company is terrible at asset allocation. They should be buying back stock or giving back cash to shareholders. Without a dividend or a buyback there is no way for minority shareholders to benefit from this low valuation.

Lorretta Lee does not seem like the type to ever sell out or retire, so this could be dead money for a long, long time.