Hey Ackman, et al this pig is in a death spiral. Party's over and so now the long sloppy clean up begins. It may never see $30 again but VRX will see lot's of court action, legal claims, and very likely Chapter 11. Give it time.
Crushing debt seals its fate. Short this pig with impunity!!!
Filings won't save VRX. The more light shed, the worse this company will look. More lawsuits coming, fines, and more political and legal headwinds that essentially degenerates drug companies that gouge customers, deal in shady financing, and create no value.
I like your thinking, arc. The big pic and longer view says it's time to scale in for nice returns. Been building a position in BP for a few months now under $30 and will add more over the coming few months. The divvy makes waiting worthwhile, and it does appear as though the storm clouds over oil, and BP in particular, are starting to lift. I'm looking at a three to five year hold for market crushing returns.
PS: Did the exact same thing with MO six years ago and have made a fortune with it. Still holding most of it due to pricing power, Inbev deal, and shareholder friendly sentiment.
Wayfair Earns The Most Nominations (3) across 13 categories; Growth award, Marketer of the Year, and the big kahuna, Internet Retailer of the Year. Good luck Wayfair!
CHICAGO, March 30, 2016 /PRNewswire/ -- Internet Retailer, the world's leading publisher of strategic e-commerce business intelligence, today announced the finalists for the 13 categories of the second annual Internet Retailer Excellence Awards.The Awards recognize the outstanding achievements made by innovative online retailers and business-to-business (B2B) e-commerce companies in the past year. Internet Retailer will announce the winners at the Excellence Awards dinner banquet held at the Hyatt Regency McCormick Place hotel on June 8, 2016, as the Internet Retailer Conference & Exhibition convenes for its 12th straight year. Internet Retailer serves as the official media sponsor of IRCE, which will occur at McCormick Place West in Chicago from June 7-10, 2016.
"I enthusiastically congratulate all 51 finalists for our second annual 2016 Internet Retailer Excellence Awards," says Jack Love, publisher of Internet Retailer. "Our goal is to highlight best practices that all online retailers and B2B e-commerce companies can learn from. We added three categories this year and the greater number of awards will provide more knowledge to the industry and thus more ways for businesses that sell online to improve their operations. Given this slate of contenders, our job of picking the winners in each of the 13 categories will be extremely challenging."
BANGOR, Maine (NEWS CENTER) -- The L.L Bean call center in Bangor is expected to close its doors soon to make way for a new tenant -- the online retailer, Wayfair. It's bringing 450 full time jobs to the city. The building they will be moving into, is located at 689 Maine Avenue.
On Monday night, the Bangor City Council held a public hearing and passed an order to approve up to about $1 million in general obligation bonds to pay for improvements both in and around that building. Wayfair is expected to move into the center in August. But a lot of changes need to be made to that space before that happens.
Tanya Emery, the Director of Community and Economic Development for the city of Bangor said there were a number of issues that had been deferred towards the end of L.L. Bean's lease.
That includes: repairing the roof, working on catch basins and improvements to the sewer line. She said Wayfair is aware of the work that needs to be done.
Emery also said there is a tenant improvement allowance, of $479,000 which will allow Wayfair to make changes to the inside of the building as well.
Emery said "We're talking about a potential 17 year relationship with the tenant".
She also said the city did something similar with L.L. Bean, the "city did a deal with L.L. Bean, when they moved into the building to do certain improvements and make modifications to the space to bring it up to what they wanted when they moved in 10 years ago."
BRYAN, Texas - Online shopping giant Wayfair opened up shop Wednesday morning, bringing hundreds of jobs to the area.
Co-founder Steve Conine tells News 3 the business started in his home in 2002 and ended last year with more than $2 billion in gross sales. The rapid growth has led them to open the call center in Bryan.
Some 450 new jobs are on the market as Wayfair opened a service center Wednesday. Conine says hiring is already underway.
"It's really exciting to see our first team we hired here and get trained and ready to go,” said Conine.
Wayfair searched all over the US before deciding on the Brazos Valley. In the end, Conine said it is the people that brought the booming business here.
"We think it's a good population of people that are ambitious and excited. We love being close to great educational institutions,” he said.
The new facility is decorated strictly from Wayfair products, providing employees cozy lounge areas and free snacks. Wayfair said they want to focus on the work atmosphere to retain their work force.
Business leaders say the company is setting a bar for future companies headed to our area.
"All their employees become owners of the company. Their benefits are outstanding. It's the kind of jobs we like to have in Bryan/College Station,” said Royce Hickman, the president and CEO of the Bryan/College Station Chamber of Commerce. "We recognize that a lot of people have a lot of different things that motivate them in their careers, and we really try to be a place of employment where people can live up their potentials."
Hickman said Bryan/College Station is quickly becoming a hot spot for business.
"We'll get the attention of other companies, and that will lead to the attention of other companies coming here, because they'll look at us because Wayfair's here,” said Hickman.
The call center will specifically help with customer service. Wayfair had 5.4 million customers in 2015 alone.
Look at Willams Sonoma (WSM) today. Poor results and disappointing guidance.
Here's the thing, the $4.5 Billion Wayfair will record this year has to come from somewhere. All the stodgy, over-priced, limited choice, once cool brands are slowly succumbing to the Wayfair Tsunami.
There's a new sheriff in town, and her name is Wayfair!
Hi Bob, Here's your requested update for 2016 predictions:
* Wayfair will greatly expand it's product set to include plumbing and lighting fixtures, flooring, and kitchen essentials. Look also for expanded contractor intitiatives for bigger jobs like siding, painting, flooring, and replacement windows - all vertically managed by Wayfair.
*Wayfair will roll out in the UK, Germany and Canada, essentially doubling the size of their market.
*Wayfair will continue it's runaway momentum in the US market, taking share from EVERYONE.
* Wayfair will gain greater traction with Millenials, Gen Xers, as well as the growing number of Boomers who are downsizing/refurnishing, or outfitting new retirement homes. Repeat metrics will continue to prove the model works.
*Wayfair will add over 2,500 jobs, growing headcount by 80%. Boston, Maine, Texas, Salt Lake, and the UK all growing to meet consumer demand and maintain extraordinary service levels.
* Wayfair will turn down at least two acquisition offers from US-based companies, and another from a foreign entity eager to break into the US home furnishings market.
*Finally, YOU will continue to lose on your short (though I think you have no position at all - just like soap-boxing flawed logic), or you will not get long until missing the first 300% gain ($63.50 for me - which will happen in 2016)
Unfortunately, during the demo in front of shareholders, the over ripe zit popped. Very ugly result. Film at 11...
Oh right, Wayfair absolutely CRUSHED Q4! No great surprise to educated stakeholders.
Did they EXCEED every key metric? But of course they did!
Did they raise guidance - again? Goes without saying.
And what's this? They've been building out slowly in the UK, Germany, and Canada to essentially double the size of their addressable market. Not too shabby!
Which leads me to our word of the day in describing Wayfair.
JUGGERNAUT : a massive inexorable force, campaign, movement, or object that crushes whatever is in its path.
Every time this happens the runway to "return to normal" gets extended. For some consumers, each passing health scare will be the final straw. For others, they'll just get numb to it and, so long as it doesn't flare up at their local store, they'll roll the dice and take a chance.
Personally, not a shareholder nor a patron. I live within 20 minutes of at least five or six authentic Mexican joints and see no reason to downgrade to fast food fare with a side of who knows what...
Meanwhile, the Chipotle nightmare rolls on and will reflect on the stock for the foreseeable future.
Heading out for a nice and warm visit to the Yucatan tomorrow, with limited access to the net. So, I'm gonna miss the fireworks when Wayfair announces their results next week. I know it's gonna be quite a fun party for the LONGS, so enjoy!
No high fives for shorty tho, he's getting a hefty squeeze from Max Pain instead. Could get ugly, especially when they desperately try to conjure up more inane reasons why Wayfair can't succeed while messing up their pants.
See ya at the after-party!!
BANGOR, Maine (NEWS CENTER) -- Online home furnishings retailer Wayfair plans to bring nearly 1,000 full-time jobs to the state by opening customer service and sales operations in Bangor and Brunswick, the company announced on Thursday.
The Wayfair operation in Bangor will occupy a space currently used as a call center by L.L. Bean.
The company confirmed it plans to add 450 full time jobs when it moves into that building. Bangor City Counselors said this is big for the area.
The L.L. Bean call center will close in March, although it was originally scheduled to close in May. L.L Bean moved up the closing day to accommodate the city of Bangor and Wayfair.
Wayfair expects to take over the Bangor location by this August.
The new locations will add 450 jobs in Bangor, and more than 500 in Brunswick. Wayfair announced on Thursday that its new location at Brunswick Landing will have job openings for inside sales and service.
Seems impossible? Only to short-sighted short sellers, perhaps.
It already looks like AMZN is ceding this niche to Wayfair. They're frying bigger fish, less embedded in the space, and frankly, don't do it nearly as well or with the service and selection that Wayfair boasts.
Distractions abound at AMZN. Web services, logistics, trucking and drones, Prime services, and their own private label gizmo's takes lots of energy and capital. And pressure is mounting for them to start showing consistent, reliable profits after 20 years of build out. I admire Bezos tremendously, but he's spreading his company so thin, with so many cash-sucking initiatives, that sooner or later they'll start focusing on the true cash cows and merely 'play" in other spaces.
The bottom line is Wayfair has built a better mouse trap and is smartly expanding the brand with world-class logistics, service, pricing, and selection - including exclusive items that can only be found at Wayfair.
Those familiar with "The Art of War" understand it's game over in this battle, and was never going to be a real fight given Wayfair's history, experience, and laser focus.
Longs, take note. Many large Institutional Investors are joining the Wayfair parade, and several large owners are increasing their holdings in this juggernaut, as seen in the Q4 2015 13G Filings.
Welcome to newcomers Whalerock, Hennessy Funds, and Bank of Nova Scotia. These and many others took new, large positions in Wayfair last quarter.
Interestingly, several of Wayfair's largest holders ADDED to their position in Q4. Fidelity, JP Morgan, Blackrock just can't seem to get enough of this (not so) little engine that could.
Never a bad idea to follow the smart money.