Thoughts on Wal Mart
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tjamz wrote:
Ok, I do shop at walmart on occassion (sorry tony) but here is the reason why:If I need (for example) socks, underwear, a toaster, car wash supplies, milk, pop, cereal, and bread I don't want to go to 2 or 3 stores and stand in line for 3 minutes at each one. I'd just as soon do all my shopping in one place and then stand in line for 9 minutes, in the long run I'm saving time by not having to run to target, bergs, and hornbachers. HOWEVER I won't go to walmart just to grocery shop, I live way to close to Sunmart and Hornbachers to justify that...heck I've been known to go to Holiday as its 1/2 block closer. I also won't go there just for socks or underwear (Kmart nearby too). Same for car cleaning supplies, I'll go to fleet farm or Bergs for that.
I do like the look & feel of the new walmart store, doesn't feel as trashy as it used to and it feels more "Homey" with the lower shelving and new aesthetics.
Don't get me wrong, Walmart is a ruthless, money hungry, cut-throat organization who often carries inferior product lines....but their stocks have traditionally done well because of this.
http://www.nyse.com/about/listed/lcddata.html?ticker=WMT
You 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)
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The only time I go there is at night if Target and Kmart are closed........Its dirty in wal mart
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i guess I was referring to the Moorhead one, its really dirty, the fargo ones not to bad
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Funny how in Bismarck on a Saturday afternoon, the parking lot will be more crowded than Kirwood malls parking lot. Its a freaking mad house here. Every hillbilly from around this neck of the coughs prarie, comes here on the weekends and loads up on commodity walmart trash. Sad that a community as small as this they are building two large Super (ghetto) Walmarts. Just ridiculous.
On a lighter note, Movie releases on Tuesdays, only reason I will go there.
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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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