Thoughts on Wal Mart
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spoolude wrote:
http://www.nyse.com/about/listed/lcddata.html?ticker=WMTYou mean this stock? Funny how did you make money off of it?
I mean with a 1.26% yield - you must be making bank off of this. PUHLEASE don't feed me with that you guys are making money off of there stock. Charts dont lie, and I don't think any of you have your own brokerages/partner based firms and are buying/trading on the hour so you guys didn't make jack squat off of it. No one has - 70% of Walmart's stock is privately held, they could care less about what the price is selling at - it's just a way (extremely not accurate) of displaying company health for potential franchisee's (future option that they are looking into)
I was thinking more along the lines of the stocks that I bought (ok...had my dad by, but it was my money for working for him all year, only reason he bought them is cuz I wasn't old enough/know any stock brokers back then but did pay attention to the markets and always wanted to make more money) back in 1988. Lets see...had (going off memory here) 2 or 3 2-for-1 splits in that time, bought them for approx $15/share...bought 100 shares...thats what $1500 investment? 2 for one splits means I had 200 then 400 shares....even if stock prices never went up I'd have $6000 worth of stock. But since they did go up and they are at around $40/share now I have about $16,000 worth of stock.
Tell me again how this was a bad investment for me Devon? Thats not including any dividends paid either.
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Me and My dad contract for walmart/sams club. We installed and take care of their phone systems and pa systems. Walmart is a cash cow for us. One of our biggest accounts. We take care of the Fargo,Bemidji,Fergus Falls and Detroit Lakes walmarts and Sams Club in Grand Forks and Fargo.
The people in the back offices in every store, are very nice and helpful. That goes for the management department too.
I buy my food from Cash Wise. Buying food from walmart is not cheaper! Look around their prices are sometimes higher. I also found out that clothing is higher priced in moorhead compared to the fargo store. Why wouldnt they be the same? whocares I just think thats wack.
The walmart planner for fargo from bentonville,ar told me. The Fargo Walmart is the biggest in the US. I also chatted with the manger of the grand forks sams club. He told me what sams club and walmart make in a day. Grand Forks location and Fargo. All I can say is I shit my pants! I can see why they have so many locations. Its huge!
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TsiTom wrote:
Not only are they building another store south of town....there is serious talk about dilworth becoming a supercenter as well....We according to the higher ups. Moorhead isnt going supersized. Plus the south walmart is more and likely going to be just a strip mall.
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walmart makes like 244 billion a year and accounts for 10% of chinese exports to the US. walmart sucks.
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tjamz wrote:
I was thinking more along the lines of the stocks that I bought (ok...had my dad by, but it was my money for working for him all year, only reason he bought them is cuz I wasn't old enough/know any stock brokers back then but did pay attention to the markets and always wanted to make more money) back in 1988. Lets see...had (going off memory here) 2 or 3 2-for-1 splits in that time, bought them for approx $15/share...bought 100 shares...thats what $1500 investment? 2 for one splits means I had 200 then 400 shares....even if stock prices never went up I'd have $6000 worth of stock. But since they did go up and they are at around $40/share now I have about $16,000 worth of stock.Tell me again how this was a bad investment for me Devon? Thats not including any dividends paid either.
So let me get this straight, you got that much stock lying around. When the SEC just ruled several filings against them. The stock is on a current downtrend, and your going to sit on it? They don't teach much about market trading over in Harvey do they? I mean it doesn't take a genius to look at the graph and go "hmmm I bet there next quarter is going to suck" for gods sake they JUST STATED an expected 3-5% loss of revenue over last years expectations. There's a god damn link on NYSE right in the front main page (probally change now, but just symbol look up Wal-mart if you want, doesn't take a market guru to figure it out) and if your going to say "I sit on my stock" - your a fucking idiot. Maximize your profits and rebuy it once the old fogeys acquire the "Econo-Supercenter" franchise coming in Q2. Heck even then I won't give my money and help a company that pays there employees some of the lowest wages in the market, with the highest benefit costs, and a company that has the most detremental effect on the economy (debatable about the effect on economy, not detable on employee treatment) - wanna talk about stock, if you were smart you would've bought ENB right when Bush got elected. Whether you like bush or not, you being the political genius that you are should've realized "Hey, this oil company is Bush's #1 campaign financer/donation, I wonder if there going to have a good few years" now there opening up a new oil pipeline, record profits and record market shares in the oil industry. $16,000 over 15+ years AINT SHIT!
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ok....thanks for the heads up Tony...letting a banned member back by letting them use your account. PERMA-BANNED.
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spoolude wrote:
So let me get this straight, you got that much stock lying around. When the SEC just ruled several filings against them. The stock is on a current downtrend, and your going to sit on it? They don't teach much about market trading over in Harvey do they? I mean it doesn't take a genius to look at the graph and go "hmmm I bet there next quarter is going to suck" for gods sake they JUST STATED an expected 3-5% loss of revenue over last years expectations. There's a god damn link on NYSE right in the front main page (probally change now, but just symbol look up Wal-mart if you want, doesn't take a market guru to figure it out) and if your going to say "I sit on my stock" - your a fucking idiot. Maximize your profits and rebuy it once the old fogeys acquire the "Econo-Supercenter" franchise coming in Q2. Heck even then I won't give my money and help a company that pays there employees some of the lowest wages in the market, with the highest benefit costs, and a company that has the most detremental effect on the economy (debatable about the effect on economy, not detable on employee treatment) - wanna talk about stock, if you were smart you would've bought ENB right when Bush got elected. Whether you like bush or not, you being the political genius that you are should've realized "Hey, this oil company is Bush's #1 campaign financer/donation, I wonder if there going to have a good few years" now there opening up a new oil pipeline, record profits and record market shares in the oil industry. $16,000 over 15+ years AINT SHIT!One word. Fuck you Drake. I've never met you and I've never liked you. I'm willing to bet that financially I'm 100x more stable than you with a stock porfolio that is very diverse and has NEVER seen a loss on a year-to-year basis cumulatively. So I have a shares of a company that does the things you list above....I work for a company that once had its CEO throw a $2million b-day party for his wife that the company paid for. I'd like to be able to say "yes, I just invest in churches, it will give my soul the best return on its investment" but unfortunately, I need to eat and taking care of myself and my family financially is a big priority for me. As for ENB and other oil companies....who said I'm not invested in them? Again FUCK YOU DRAKE YOU WORTHLESS MOTHERFUCKING PIECE OF SHIT!
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Little angry are we?
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nope Drake is just a douche
EDIT: I have nothing against Devon, he's always been decent to me. This is at least the 2nd account that Drake has gotten banned besides his own (Kuvas, Drake, Devon)
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considering that spoolude is now banned, i guess any response that i make won't do any good... bummer.
one would think that anyone with as much knowledge as he claims to have, he would understand how to make money using stock as nitrous and not an engine. obviously, one can make a lot of money just by buying and selling stock (warren buffet anyone?), so the comment on buying bush's company with the political change of current is accurate. at the same time, anyone that knows anything about investing knows that you're practically planning to lose money if you're only looking at the short-term. i just rolled over my pizza hut 401k with my mom's friend from edward jones (if anyone is planning on doing the same, pm me); let me tell you, in the 1yr market, more than half of the investment lines that edward jones offers LOSE, but will make anywhere from 4-17% in the 5-10 yr range.
what does this tell you boys and girls?
today's financial lesson is to stick it out for the long run with a fortune 500 company, because most of the time they won't capsize without months/years of telltale signs.
is anyone familiar with the history surrounding martin luther? started the lutheran church? anyway, in religion 100 we are watching a film about luther's life (i'll try to find out the title), and i noticed a very interesting connection to the modern world that i think applies to this thread: the roman catholic church is very similar to what i think wal-mart could turn into.
going against what the catholic church declared to be truth was blasphemous, so perhaps it's only a matter of time until buying somewhere other than wal-mart is "blasphemous?" i'm sure i can explain it better, but i think i should save that for a 5-7 page philosophy paper in the near future... -
tjamz wrote:
nope Drake is just a doucheEDIT: I have nothing against Devon, he's always been decent to me. This is at least the 2nd account that Drake has gotten banned besides his own (Kuvas, Drake, Devon)
Are you sexually frustrated chuck?
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Target usually has their prices within a few cents of wal-mart but just the overall atmosphere there more than makes up for it.
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