Are your shares in street name?... or registered to you?
I love the way everybody, and I mean EVERYBODY gets their stuff before my broker sends me mine..... Maybe, I'll stop being so damn cheap and fork over the $25 bucks to get my shares outta street name...... But then, how do you insure certificates worth 70 thousand dollars? I sure as hell don't feel comfortable trotting over to Schwab and walking out with x million dollars in my shirt pocket.... How does everybody else do it????
......this is a very tough business.....at one time my old company had 33 factory stores....ended up closing them all. In the late 80's and early 90's outlet malls were all the rage....it was not uncommon to see chartered buses pulling up in the parking lot loaded with eager shoppers.........origionally the stores offered a chance for manufacturers to dispose of closeouts, but if your company is running smoothly, you shouldn't have a lot of closeouts.....so you have a problem keeping the stores shelves stocked.....we had to ship in first run ware in and low-ball the price....when you do that, the buyer at Wal-Mart will threaten to throw your line out.....so then you might have to make a private label run just for him that has a "blind" retail price point.....more complications that eat into your factory's efficiency....also, you diminish the strength of your brand name.....ask Gucci and Laura Ashley what happened to the strength of their brand when they went into the outlet biz.....and finally the shoppers wised up that a lot of the so-called bargins really weren't such bargins after all.....from a mall managers point of view, there's a lot of store turnover...these "hot" name brands go up and down like bottle rockets....remember Bugle Boy?...the outlets are still alive but the big,fast profits aren't around like they used to be........the beat goes on.....
I am not so sure that investment in factory outlet REITS is so brilliant, but who am I to second guess da man? These are exactly the businesses that will be displaced by the internet. Even the ones which are owned by the brands themselves will be putting their junk up on the net. JMO