Or a money pit that keeps taking; the ATM's need to be perpetually refilled with cash in order to be able to dispense. It is very expensive to maintain 34,000 stores. Most of them are perpetually empty. New minimum wage laws, increasing food costs, increasing rent, taxes, building redesign, and building/facilities maintenance without any real sales growth presents a serious problem.
90 million people used to shop at Woolworth. It was a Dow 30 company - America's largest retailer and one of America's biggest and best companies. Where is it now?
Nothing is forever, kiddo.
I love coming off of a bear market. Lower it is not going. People like you think they can get it cheaper, but when you start to become convinced and buy....I will become a seller.
You're saying everybody else is wrong and you are right?
The real reason is the whisper number was mid-40 cents per share and whisper expected upside guidance. We got neither.
Somebody explain how this lame duck old brand that the kids today hate, can keep bouncing back from every seeming attempt at a selloff? How long can they pay those divi's with continued profit declines?
This company is valued at more than 2/3 of what McDonalds is valued at in terms of market cap.
Is that an error?
Yes....but it will be corrected...kerplunk!!!
McDonalds has an image problem. The earnings miss has less to do with currency than people think. New "healthy" burger chains (KindBurger, Zen Burger, etc.) are coming on strong; teens think McDonalds is old and uncool; America associates McDonalds with obesity and poverty; the world associates it with America (and hates us); and it is a company once characterized by small town entrepreneur millionaires achieving the American Dream, but is now just a big lazy corporation of one percenters cutting costs, and employing 99 percenters at low wages.
Intuitive uses a carefully orchestrated strategy of planned obsolescence to protect theur patents. I am a surgeon trained on the original system, then the S, and now use the Si. Intuitive no longer supports the original system. They are already pushing single port devices for the Si, and they will slowly phase out the S. All of the parts and equipment are not interchangable from one device to the next. So, whatever is on the market is actively patent protected. By the time patents expire....that device is in a hospital basement or garbage dump and nobody can come in and start making suff for it or a copy of it.
On what ground would you short? Just "feels too high"? We've been through that before. Short.....or just write me a check. Either way, I'd be glad to have some of your money.
GOOG in the smartphone space is about to be the 1990 equivalent of MSFT in the PC space....history repeats itself again and again because nobody listens the first time.
What are you talking about, "goes nowhere"? Dividends reinvested in PWE, you would have beaten the market for years...even if the price "goes nowhere".
This is a solid company...strong dividend...and a chance to profit from new oil extraction techniques...and a chance to profit if the MIddle East remains as (or more) unstable than now.
Or, maybe there is no shortage of iPhone 4s, and they are being shipped from a central location to manage inventory and create an "out of stock/sold out" (false) impression.
We've been through this already 100 times. The phones are not being stocked at the individual retail stores. You have to order it, and it ships immediately. It will be at your house within 48 hours. There is no shortage. It is either a marketing gimmick to give the false impression of shortage, or it was an inventory control move in anticipation of a shortage. You should have asked the salesperson how long it takes for customers to get them. He will tell you he is required to say it may take 2 weeks, but except for release week, all customers have gotten them within 2 days.
On EBay, the phone don't even sell at a premium. Items in shortage at retail sell for a premium in EBay auctions. The iPhone is not.
Verizon to block Google Wallet may seem like a smart short term move by Verizon to stop one Google initiative. But, Google will have the last laugh. It is now fair for Google to shoot back at Verizon. How can they do this? They can speed up the inevitable change away from network specific phones and make all Android phones unlocked an compatible with all notworks. It will spell an end to cell phone contracts!!!! Exactly what consumers want!!!! Verizon just picked a fight with Google for no reason....and Google's nuclear option is to sell unlocked phones and they will!!!!
If the iPhone 4s is sold out everywhere, why can I buy it on EBay for no premium over retail? Why do all my local retailers swear all customers get their phones within 48 hours despite the warning of 2-3 weeks they "are required to say"? 48 hours...go to a store to buy one yourself this weekend...48 hours it will ariive at your house via FedEd
Everyone I know got a 4s in 48 HOURS by FedEx or 24 hours if picked up a Apple Store after ordering. The salesman told me they must warn everyone that there may be up to a 2 week wait; it is posted on the website too. However, nobody has waited for than 48 hours in his experience. They kept the phones centrally and NONE of the local stores have them. But there is no shortage, nor a 2 week delay.
To further support this, walk into an AT&T store or even Target yourself and ask a salesman how long until you get a phone...."ships instantly from a central location and you'll have it in 48 HOURS"
As additional proof, look at EBay auctions. 4s' (with the exception of 64MB black) are selling below retail. Wouldn't an item in retail "shortage" sell at a premium?
The 2-3 week wait is a bogus warning on the website.....but it isn't real my friends.
This is all hogwash based upon the myth of a "2 to 3 week wait."
In reality, any retailer can get the phone FedEx'd to your house within 48 hours of your in store order because they have been underwhelmed by demand. The companies held the phones centrally in anticipation of a shortage, and they are shipping them from the central location and not to the individual retail stores. They did this and stated that a wait could be "...as long as 2 to 3 weeks." However, that wait simply does not exist. They are shipping right away. Analysts who used this "2 to 3 week wait" as their reason to inflate sales estimates are going to be very embarassed. They should poll recent stores and buyers and will find the phone ships right away and the wait is 2 days for FedEx only.
The excitement starting the quarter was iPhone4s. There was a 1st week effect with high demand from extreme loyalists, but no follow-through. Except for the 1st week after release, the overall reaction to the 4s has been a yawn. The public wanted an iPhone5. It didn't come.
Earnings will be an extreme disappointment
Sell side vs buy side? Please explain.
How can a stock only move on the "sell side" or "buy side?"
A stock TRADES....every time a stock TRADES, there is a BUYER and a SELLER. Only idiots exist on message boards (except for me).
There was both a block buyer and a block seller today. The buyer obviously found a seller who needed out of a large amount quickly; the seller found a buyer who wanted to take a large position in this piece of sss. My point is that there were just as many "buyers" on the buy side of the transaction as "sellers" on the sell side or the stock would not have traded. That holds true every time a stonck trades.