brombonz

Retail Bright Spots This Holiday Season

Oh, and my question was how do you explain the phrase "continue to profit."
Explaining the word "profit" is a snap. But, after all, isn't it what remains after deducting expenses, including those resulting from bad decisions and/or poor execution?


On Dec 03 10:07 AM brombonz wrote:

> I'm aware of the Texas situation. It has not been the only problem.
> I've followed the company since its IPO. It would be correct to say
> it is positioned properly to benefit from economic bad times. It
> is another thing to say management can turn that into profit, and
> increasing profit at that. I don't know that they have overcome their
> warehouse/distribution problems. I lived in L.A. for 35 years and
> am quite familiar with the stores. I last shopped there in the summer
> of 2006 while vacationing from my current home in Florida. I've been
> a shareowner at various times, as recently as earlier this year.
> Since I liked the stores (all the locations I've been familiar with,
> have been jammed with shoppers), the great appeal to me had been
> the exceedingly small store base compared with DLTR, FDO and the
> former DG, and the potential for national expansion. The failure
> in TX has lessened, if not eliminated, that appeal. It remains to
> be seen if management can transcend its previous shortcomings and
> turn steady, possibly growing, revenues into profit.