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What: Shares of electronic security specialist Checkpoint Systems
So what: In a statement, CEO Rob van der Merwe cited "global economic uncertainty" and "unpredictable retailer behavior" in announcing plans to strip another $58 million from operating costs. Checkpoint's radio-frequency technology is typically sold to retailers for tracking merchandise.
Now what: Kudos to van der Merwe for taking action, but investors shouldn't applaud too much, or too loudly. Restructuring already cost $17 million in the current quarter. No one knows when those cuts -- or the cuts to come -- will allow Checkpoint to return to growth. What's your take? Would you buy shares of Checkpoint Systems at current prices? Please weigh in using the comments box below.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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