Well from Macy's Flagship 34th St store Eastward... I know of at least 8 Macy's locations.... All do very well
Yes that is NYC and the subs.... No Macy's around here is going out.... If we look at it from the parent "Federated" the entire chain around here is fine
There is a massive new Neiman Marcus at Roosevelt Field...
Anchor dept stores at malls are not going to go belly up...
Are there areas of the country where locations will need to be shuttered.... Yeah.... But they are not going out....
Personally.... I will admit to being a fit narcissistic #$%$.... I would never buy clothes on the internet... Everything I put on must fit properly or I aint goin out in it.... And there is no way you can get clothes that fit properly on the internet unless you dont care about fit cut etc....
I'll bet that more than 50% of internet clothing sales are clothes that people have tried on in a store first... Internet sales will suffer when people cannot try fashion on... The key for dept stores is to grow internet sales
Remember.... Brick and mortar stores were supposed to go the way of the dinosaur 15 years ago.... Clothes are cheaper.... And stores generate more revenue than ever
I can tell you that the Roosevelt Field Mall in Western Nassau Cty LI NY is packed with people.... No vacancies.... And just underwent yet another large expansion
Macy's.... Bloomies...Nordstram.... And now even Neiman Marcus all crowded all the time... JC Penny does ok too
Its a Simon property.... And rents are through the roof....
I guess its a location thing.... But malls in this neck of the woods are all doing very well
Retail construction also seems to be doing pretty good in this area.... But lets face it.... Its a crowded corner of the world and almost everyone is working making pretty darn good money
& nothing of what you hear....
How do we factor in what you read on the internet?
Chemicals derived from fossil fues are in amost everything moder society uses...
NGLs have taken a leading roll here.... KMI is a large player in NGLs.... EPD is the 500 lb Gorilla though
Didnt KMI announce an expansion of NGLP yesterday?
Very Impressive rally off of its lows... Good for you
Intrestingly TRGP and KMI are both currently off a similar % from their highs (60s%)
Kelsey... ETEs chairman(ETE is ETPs parent GP)... Is quoted as saying the WMB deal will never close
The lead anchor on the ETE family is the Williams deal
All of the usual suspect bandwagon short alias' are hammering away on the AAPL bd
Man.... I wish I could easily decipher the import of that..... Generally when they show up.... As was the case here when KMI was bottoming..... Its a contra indicator.....
But I have serious questions on AAPL at this time.... Broken clocks are right twice a day.... Could they finally have a winner?
And here's a good one.... Its so insane on a bd like that..... A lunatic like me doesnt even bother to post.... Imagine an asylum so crazy that the lunes would become a voice of reason
OK.... This will be my tell.... If Elmer or ndibari show up short on the AAPL bd.... I will close my position.... Never align with guys who redefine "The Biggest Loser"
Some of you guys might be surprised that I really dont post here much at all anymore....
The upside of that is some of my best "short" venom is being used elsewhere.... (We all know how that can be)
I have to admit though.... Im at my best when spewing short venom.... Its just so easy... Of course always made easier by the fact of how many over priced pigs there are
Rome wasn't built in a day.... deleveraging has begun.... and Q1 was not a good enviornment
Total liabilities are $1 B less than Q3 15.... LT debt is less than Q4 15
And net Tangible assets are more than $1Billion more than Q3 15
You dont turn a ship on a dime.... And significant progress was made in a very short time while conditions really sucked
The S&P could easily test 1810 or less... That tide will take this ship with it... But opportunity will present itself.... If your confident in your abilities.... trade it.... But there is no LT horror story associated with holding here
What happened... This morning you were calling for single digits.... Your halucination shift again????? Break out the spoon.... Heat up your score.... And stick the needle back in.... You'll feel better in just an instant
All you need is a stationary low pressure system to sit over a region and both are rendered useless.... Regardless of temp....
And the above scenario is common when there is a "Bermuda High" stuck over of all places.... Bermuda.... It can leave the North East.... Midlantic... And even the mid west and SE in dreary still weather for days on end
actually he stuck a needle in his arm and said that he has been short since the low $30s....
We all believe his slurred hallucinations.... which all proved quite accurate over this past weekend when he called for KMI to drop 15% on Monday and it 2%
sure hit it out of the park with his rhetoric over this past weekend...
next step... he deletes a few posts.... and continues on midweek at EPS
He doesnt quite get it that I was a consultant when the book on Yahoo msg bd posting was written
KMI could have used less than 1/10 of it mid m March - mid April cashflow and hedged the entire balance of their oil production at a price 20% of their budget....
They could even still turn a massive profit if they placed furthe hedges today with oil stil 5+% over their budget....
A "professional" should be able to see that with Stevie Wonders eyes
the 1.1 B should be used to start funding a better cash balance.
320m or .15 per share for a 40B $ company is extremely low.
they should have 2-3 $ per share in cash , if they did riding the cycles out would be much easier .
rcmusa.... no company should warehouse $5-$7 Billion in cash when it has better than $40 Billion in debt...
The saving on juice that would wind up being EPS is just far too great
KMI has significant reliable cash flow... this is where you look at the proverbial DCF... their cash flows are more than enough to "ride out a cycle"
This tangent is a perfect example of why the Kinder family should be under an MLP structure
What did I get right.... That Kinder was oblivious to????
Ya cant run a C-Corp like an MLP
The debt was ridiculously high.... New debt was insanity (remember me questioning the NGLP debt prior to the Moody's warning)
You dont build market cap by dilution regardless of whether its cap ex or not
The dividend guidance was unsustainable ( the guidance had the dividend at $10 B in divis paid in 2020)
The sector was in trouble and it would affecr KMI sooner or later
Revenue was in serious decline.... And only a complete fool would rely on a make believe metric like DCF as their primary means of evaluating a company especially in an enviornment of declining revenues.... The TOP line is paramount.... When its declining the company is shrinking
And quite a few other rants of mine proved true... And in hindsight many here are kicking themselves in the head for for not recognizing (listening)
I stlill believe that KMI over corrected.... Most of the bad is is in the rear view mirror.... Oil will not go below Febs lows....
What to do with the $1.1 Billion in cash flow that was earmarked for Palmetto???? KMI planned to use its revolver to pay the current debt due in 2016.... Use the cash instead.... Makes for a much cleaner balance sheet
I read it as an approved project by the State where the Legislature has stepped in to block (temporally?) a mechanism that is used to acquire the easements..... IF thats the case there's litigation ahead and $ to be won by KMI