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oldeguy 5 posts  |  Last Activity: Jul 27, 2015 11:02 AM Member since: Dec 29, 1998
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  • Reply to

    slow demise

    by fayette60 Jun 16, 2015 8:44 AM
    oldeguy oldeguy Jul 27, 2015 11:02 AM Flag

    They have built in costs from years of selling goods at or below cost in many instances. For a very long time they were focused on sales, not profit. The reputation of hounding customers around the store isn't going to change fast enough to keep this company around. They cannot compete on low end products with Walmart. They don't know how and aren't put together to deliver premium goods, especially electronics. Home Depot is a much more consumer friendly environment to shop white goods. Sears the same, but in many instances by being in a mall shopping there can be more of an adventure.

  • Reply to

    Are you going to the HH Gregg bagholders' ball???

    by atticfrank Jul 22, 2015 12:04 PM
    oldeguy oldeguy Jul 27, 2015 10:54 AM Flag

    Another reason they are listed as one of the ten worst companies to work for.

  • Reply to


    by faresrosario Jul 26, 2015 10:21 AM
    oldeguy oldeguy Jul 27, 2015 10:50 AM Flag

    Why not? It's only $300. Risk reward here is outrageous. Sure, likely to lose the $300. However if this company can pull it's act together, you will party like a rock star.

    Sentiment: Hold

  • Reply to

    wake up guys

    by fayette60 Jun 26, 2015 7:58 PM
    oldeguy oldeguy Jun 29, 2015 4:16 PM Flag

    The plan was open more stores. Eventually that process was going to conclude. At that point contraction becomes necessary until there are no or very few left. The deal was all about the equity markets. Sell stock maintain control and insiders profit from the equity sales. After that, retirement.

  • Reply to

    matter of time

    by fayette60 May 21, 2015 6:59 AM
    oldeguy oldeguy May 26, 2015 2:57 PM Flag

    CC did that and it didn't work. This co has been about insiders selling stock for profit from the beginning. They were always about volume more than profit. ( Ponzi ) Like all retailers, they sold the big ticket for jack and tried to make up with the insurance. What happened is the sales people cut the BT price and used it to pay for the insurance. The staff gets paid, they keep their job, the co loses money.

    With less and less sales with the coming recession, they will be stuck paying unemployment as they fire staff. They might last through the coming Christmas, but not far after that.