Resources Connection: This Turnaround Has The Cash To Burn
Resources Connection is pursuing a turnaround under new management, targeting $12–16 million in annual savings, though revenue and margins remain under pressure. The company holds a net cash balance of $82.4 million, which supports its high but currently uncovered 6.3% dividend yield.
Why it matters — RGP watchers would care because the company faces sharply deteriorated financials and a plummeting stock price even as its cash position underpins an uncovered dividend during the transition.