Toys "R" Us, which is partly owned by KKR (KKR) and Vornado Realty Trust (VNO), has finally...


Toys "R" Us, which is partly owned by KKR (KKR) and Vornado Realty Trust (VNO), has finally ended its plans to go public, due to "unfavorable market conditions" and a change in CEO. The move comes a month after boss Gerald Storch said he was stepping down, and as Q4 revenue dropped 2.6% to $5.77B and profit slumped 30% to $239M.

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Comments (12)
  • deercreekvols
    , contributor
    Comments (9612) | Send Message
     
    Pressure from Walmart and Kmart on toy sales certainly has hury ToysRUs over the years.
    Prices are better elsewhere. This company will continue to have troubles.
    31 Mar 2013, 08:02 AM Reply Like
  • chopchop0
    , contributor
    Comments (5199) | Send Message
     
    Don't forget amzn. They totally undercut tru on pricing
    31 Mar 2013, 09:26 AM Reply Like
  • holydawn
    , contributor
    Comments (146) | Send Message
     
    wow, I'm surprised with people buying stock hand over fist, isn't this a really good time to have an IPO like this?
    31 Mar 2013, 09:14 AM Reply Like
  • chopchop0
    , contributor
    Comments (5199) | Send Message
     
    Not for this kind of company
    31 Mar 2013, 09:26 AM Reply Like
  • Ron Myers
    , contributor
    Comments (255) | Send Message
     
    By unfavorable market conditions they weren't lying and meant "American consumer retail", not the actual stock market.
    31 Mar 2013, 09:49 AM Reply Like
  • jbzw
    , contributor
    Comments (1127) | Send Message
     
    I am pleased with the news. This company makes a profit, and I continue to collect interest on its 10.375 % bond due in 2017 selling slightly over par.
    31 Mar 2013, 10:35 AM Reply Like
  • Bill Swiggart
    , contributor
    Comments (185) | Send Message
     
    Jbzw: As a bondholder, must you rely on voluntary public reports like these, or does the company send you info?
    1 Apr 2013, 08:15 AM Reply Like
  • davidbdc
    , contributor
    Comments (3194) | Send Message
     
    Unfavorable market conditions = we couldn't find enough suckers!
    31 Mar 2013, 06:30 PM Reply Like
  • bankingqueen
    , contributor
    Comments (133) | Send Message
     
    Davidbdc is right, trust your gut on this one. If they don't feel they can sucker enough sheep to the slaughter in this market they never will.
    31 Mar 2013, 08:53 PM Reply Like
  • medzjohn
    , contributor
    Comments (505) | Send Message
     
    Another ticking LBO time bomb. Tick, tick, tick...
    31 Mar 2013, 11:18 PM Reply Like
  • wadeyr
    , contributor
    Comments (199) | Send Message
     
    this company going public? wow that would not end good
    1 Apr 2013, 04:26 AM Reply Like
  • CRACK123
    , contributor
    Comment (1) | Send Message
     
    CORPORATE BUBBLE? ARTIFICIAL DEBT AND LIQUIDITY - The US Companies currently maintain a level of cash in their Balance Sheet ever seen in history - Analysis of a new bubble? http://bit.ly/ZWgMQ6
    1 Apr 2013, 07:20 AM Reply Like
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