I just finished reading the WSJ writeup on Federated's Ex-Leader.
I think they have a problem. If I was on the jury, he would get the 40+ million compensation he is asking for in a heartbeat.
All this assumes that the WSJ got it right of course. (They seldom get it wrong)
I live in metro Washington d.c. and after some
shopping experiances at the Macy's unit at Tysons Coner
Galleria and at the Bloomingdales store in the Tysons
Coner mall thought I would check around after I heard
The Macy's store is always a mess!
fitting rooms and racks
sloppy and sales personnel
very difficult to find. I commented to the sales
person in the men's shirt department that I was
surprised how weak the tie assortment was...and how sloppy
the dept was. "They don't ever give you guys enough
help to get things done around here do they?" and
after searching the guy out because he was helpfull I
asked " Are you people on commission like years ago? No
he replied, he was relatively new, he said all of
the old staff had left.
And your tie assortment is
so weak..."AHH! I know, all of your tie and better
business has long gone to Norsdtrom's " I
Yes, he said, sadly....we had a discusssion of how
Nordstroms had a very large following now, a fact that I
all too welll. The reason I was in Macy's was a 40%
sale off on Ralph Lauren suits...got a nice one for my
WE later went over to Nordstrom's to look at ties,
but I am too
savvy a shopper I took my son into
Brook's brothers and we found the quality we were looking
for at more realistic prices.
Quite frankly, among
my friends we never go into Macy's or
Bllomingdales except on sale events...and only buy select
items. All of our better gift buying comes from
For basics I shop at Penney's .
on that about 20 years ago I bought draperies at
Bloomingdales and they were fine, but when I went to hang them
up they had JC penney lables on them. The next day I
went into Penneys (Had never been in before) and found
the same design
and colors at 50% less at their
"regular price". At the office one of my coworkers
informed me that manufacturers make for all the bigg
retailers and that Penney's standards were among the best
in the industry. I opened a charge account then and
since have bought all of our basic needs (underwear ,
socks, sheets, towels, kids jeans etc from them.) They
have the same return policy stand behind their product
and always have sales
help at the refgister s
which is NOT true at Macy's.
Whatever profits FD has
made sorry to say have unlikely come from me, (buying
on sale) well some I guess.
might want to check out the image that FD divisions
have, say against a Nordstrom.
Oh, one more comment
found another great store for value...
from checking into suppliers have found that they use
the same sources as FD and other famous retailers
such as Crate and Barrel but at much lower
Sorry!!!! gee sorry to type for so long long, but thought
you investeors would like a consumer's opinion.,
of all, you need to reread all my posts. Never
had a position in this security. Not a shorter. If
you say I did, you are a LIAR.
wrong on all accounts. BTW, stock is dropping as
expected. 40's are coming soon. You've seen the top, where
are you gonna exit?
managers and buyers are
leaving in droves. Tired of 2% raises, and sales goals
that are unobtainable
The company didn't tell wallstreet to expect
lower sales. The company said don't expect the same
increases of 150% in the net income for the rest of the
year. I think you knew that, but your desperation at
being short is starting to show.
having shorted FD. Its obvious you did. Going
back to your post (message # 2 on this board) where
you state you've enjoyed shorting FD, that message
was around the first of Jan, when FD was around 40 to
42. Obviously you made a wrong decision. If you
aren't still short, why are you so interested in hanging
around this board with your negative hype which will not
drive this price down. You need to convince all the
institutitutions who hold millions of these shares, (I think
around 90% of the outstanding stock). All I can say to
you is go on daydreaming. How negative are you going
to be when we hit $65 to $70 in a few weeks. Maybe
you should think about buying some calls so you don't
get caught in the hugh short squeeze when we break
out, but those calls are expensive. I wonder
>> Hope you did'nt sell
your stock options, 401K stock and defered pay stock.
You were at a level to have those, right. That would
be how you would know so much about the company,
!?!?! since when does this
company provide such opportunities?? That's
Never worked for the company, never would. Or any other
retail org. Happened to be in the right or wrong place
at the right or wrong time. Witnessed an ugly scene
in a store over proposed FURTHER cuts to commissions
and salary increases. Decided to do some DD on the
company. It ain't all that pretty IMHO.
or otherwise ripping off the workers is nothing new.
Problem is, you can only cut so far and have so much
turnover before you corkscrew into the ground, and
adversely affect the operation and customer service.
Intermediate return may be OK, but longterm?
Interesting to note, that although the company tells wall
street to expect slower sales, expectations for
increased sales remains high, and is tied to bonuses and
increases of it's employees. Set the bar high enough and
you don't have to worry about it eh? Hmmm.... what a
like I said, IMHO the stock is
Life isn,t fair. This is a big guys world. Falls
hurt. Hope you did'nt sell your stock options, 401K
stock and defered pay stock. You were at a level to
have those, right. That would be how you would know so
much about the company, Right?
The negative, obviously disgrunteled employee,
who was probably fired. Refer to his messages # 3, 4,
6, 7, 11, 12 and my message #13 to him. We don't
represent the union on this board. Please take your gripes
arted to move today. watch! MAY will top 60.
that's my thoughts for the day.<<<
chance. IMHO, They've cut and slashed their personnel,
bonus programs and commissions. There's nothing left to
cut. Quality staff are leaving in droves, as flipping
hamburgers pays more than selling clothes. With sales
projected to be off, look for more downgrades. It's been at
50ish for about 3 months. Smart money would go