Liberals will never get it. Too clouded by the unicorns dancing in their heads to focus on reality or the repercussions of their words. Look out Mr. Schultz at SBUX, you're on deck.
How is it that this company has such a hard time being successful? Not splitting the atom here kids, you're selling shoes. I get that retail is out of favor but this is ridiculous. Other shoe retailers double, triple and even quadruple and DECK gets more than cut in half. Time for some new blood in the corner office.
Unconscionable these clowns can't do better than this selling chicken. We're not splitting the atom here kids. You're chopping up dead birds. Can't be that hard.
He's going to wait until the minimum wage is fully implemented and the company swings to a loss. Then he'll be forced out.
Some pretty comical replies. When you include insurance and additional benefits it's going to end up costing LOCO about $40,000 per employee in total annual compensation and that's just the low level employees.
How much do you think it costs them per year to put in these automated ordering kiosks that are spreading through MCD as quick as they can install them? Your leftist rhetoric might play out for low information voters but it doesn't play here. There are alternatives. Just like when you guys try to raise taxes repeatedly and think you can get away with it. Guess what. People can move to another state. They don’t have to put up with it and LOCO doesn’t have to employ this many people.
In reality, most people would prefer to work with a machine because they know the order isn’t going to be screwed up as LOCO is so famous for doing. Why do you think you see lines of people waiting at grocery stores to use the self-service kiosks? They want to get in and out quickly. They’d rather order their 3 piece meal quickly and have the order done right than have to stand there with some distracted employee dealing with people that didn’t get their tortillas or their salad dressing and that barely speaks English.
You're defending a $15 minimum wage as a good thing and somehow think it's not going to destroy EPS. I wonder if you'd feel the same way if you owned a couple of restaurants.
It sounds like you also haven't considered the effect on the rest of the employees. What kind of waterfall effect do you think this it's going to have on everybody else? An office worker at LOCO that was making $35,000/year now sees that he/she is making less than somebody working a cash register. Don't you think you're going to have to raise their salaries accordingly? So they all get $6-$10 hourly increases as well.
Let's not forget as well that as your buddy Hillary moves closer to the left to appease Sander's crew, she'll be advocating his plan of $20/hour. Where does it end? $40/hour? That's why I'm using a range here because it's anybody's guess where the socialists will be able to push the final figure to.
As I mentioned previously LOCO is already at the high end of the spectrum in price and is going to have trouble raising prices to make up for this massive payroll hit to earnings. You can stand around holding hands in the street singing "we shall overcome" with the masses but you'd think you'd have a logical argument if you wanted to have a real discussion here.
With LOCO having approximately 4,600 minimum wage (or close to it) full time employees, a $7.50/hourly increase is going to cost LOCO another $70,000,000 per year in payroll.This may or may not be spread out over a few years but the bottom line is, it looks like with the Socialists firmly in charge and the Republicans too timid to do anything, it will come sooner than later.
How does a company doing $44,000,000 in net earnings survive an extra $70,000,000 in annual expenses?
They can't charge $18 for a three piece meal and to be honest, most things on the menu now seem to be in the $6-$8 range so they're already bordering on being at the high end of their sector. I've heard the arguments about less turnover of employees that would save costs but it's not going to save $15,000 per year, per employee.
I don't have a horse in this race but I don't really see how this pencils out. All things being equal, how do they not swing to a $25,000,000 loss in a few years?
“It’s a more open way to usher in the holiday.” “This year we wanted to usher in the holidays with a purity of design that welcomes all of our stories.”
Translation: Screw the majority, screw Christianity, we cater to a tiny minority of the perpetually offended and if by so doing, we alienate the vast majority of our customers, tough.”
The marginalizing of Christmas. For all you mouth breathers that are going to reply here about how Christmas isn't about a coffee cup, ya think? Expand your little brains and think of the big picture. This is just one more example of how the PC left destroys things by a thousand cuts. It all adds up.
First they have to change the word "Christmas" to "Holiday" because we might offend 1/10 of 1 percent of the population who in reality, aren't even offended. But "they MIGHT be" so tear it all down. I've never heard of a Muslim tree or a Jewish Tree but God forbid Target or any of these other big box retailers can call it a Christmas Tree. Now they're just "trees". Are Menorah's just candle holders now?
Then we have the Simon owned Malls just a couple of days ago swapping out the Santa Claus display with some ludicrous nonsense resembling a Star Trek set. Again, we will happily offend 99% of the population so we don't offend 1% who quite honestly could probably care less and wouldn't know Santa Claus from Jack Skellington. Santa Claus is a far cry from the religious meaning of Christmas but it is attached and every attempt at neutering the holiday by removing decorations, lights, words, celebrations, name changes, anything else Christmas related and yes even decorations from coffee cups is an attack on Christmas.
It's really pathetic but I'm sure as long as Schultz has his daily infomercial on Jim Cramer's show and on CNBC in general, the zombies will continue to mindlessly line up and pay $5 for 10 cents worth of coffee. The sad part is that most people in America don’t stick up for their rights and what they believe and that’s why every year more and more of those rights are being taken from them. If Schultz hates Christmas so much, that’s his problem but don’t push your progressive, uber-liberal, intolerance of the majority on the people of this country.
What kind of a company is in complete free-fall, has a CEO that has completely cashed out and has no financial interest in it surviving, and does nothing but watch it fall? Perplexing at best.
They botched a takeout that could have happened when it was in the 60-70 range.
Even if they could get a buyer here it wouldn't go for more than $30/share, if that. Might be the worst case of mismanagement in the history of American business. I guess the thinking is they already lost 80% of the value, what's another 20. Just let it go to zero.
It's a shame because they missed a great opportunity to be something. Mindless to not have merged or been bought out at least a year ago. Now, not unlike America, it's just scraps and a shell of it's former self.
Although the supposed merger rumors were quickly put to rest, WYNN is down 38% since then and MGM is more or less unchanged. Much more attractive for MGM when they can get WYNN for 4 billion dollars less than just 3 months ago.
DECK has to put itself in play. It's obvious current management doesn't have what it takes to increase the value.
5 year stock performance.
Skechers = +476%,
VF Corp = +269%,
Nike = +188%,
Wolverine = +96%,
Deckers = +32%.
So much potential yet it never quite pencils out. Even Jim Cramer bought into the hype at one point but then got a reality slap in the face.
VF is 15 times the size of DECK. They could take them out with the spare change in their couch cushions.
Time to start rewarding the shareholders instead of just plodding along.
Here's the silver lining for any potential suitors. DECK is only trading at 11 times next year's earnings and their PEG is less than 1.0. You could take out DECK for $100/share and it would still be a comparative bargain.
Do your homework. Jeffries owns 10% of the stock. Of course they're going to be pimping it. More obvious than Jim Cramer cheerleading SBUX constantly.
Sad part is it's already given up the entire gain in 1 day.