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JohnBinTN

JohnBinTN
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  • AutoZone: Our Favourite Large-Cap Stock [View article]
    Hopefully in the distant future - AAP is still digesting Carquest.
    Mar 16, 2015. 07:23 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: How Low Can Crude Go? [View article]
    User,

    Knew what you meant... :) Brisket is worth the effort. Cooking a corned beef variety today myself. Oven braising it, because I have to work. Corned beef hash and eggs for dinner tonight. ;)

    Looking forward to summer. Not that I haven't BBQ'ed all winter long, but I can't wait for the frequency to increase!
    Mar 16, 2015. 01:44 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: How Low Can Crude Go? [View article]
    "...junk piece of the cow."

    Heresy!
    Mar 16, 2015. 10:47 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: How Low Can Crude Go? [View article]
    I cantango, but not very well. ;)
    Mar 16, 2015. 08:54 AM | 14 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE MIDDLE EAST , PART 1..... [View instapost]
    Maybe little Kim would... The rest of the world leaders have all become politically correct pussies.
    Mar 15, 2015. 10:52 PM | 2 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE MIDDLE EAST , PART 1..... [View instapost]
    Turn it into glass.
    Mar 15, 2015. 10:02 PM | 2 Likes Like |Link to Comment
  • AutoZone: Our Favourite Large-Cap Stock [View article]
    Cars have turned into computer systems on wheels. Specialized equipment (outside of DIY scan tools, multimeters, etc.) is becoming required to work on todays cars. There are now multiple sub-systems directly communicating with the ECU - the body control module, ABS control module, lighting control, ant-theft system, etc. More sensors than you can shake a stick at. Just diagnosing a problem can require more skill than even an above average DIY'er has.

    Do the wrong thing, and you stand a chance of bricking the car, requiring a costly tow to the dealer, and even more costly repairs once there. On some cars, not following the proper procedure in something as simple as replacing the battery will brick it. Mess up, you no go.

    It's more and more the case that it's not as simple as buying a part and replacing it. Diagnosis is becoming the most sought after skill a mechanic can possess. Turning a wrench is easy (relatively speaking). Knowing what you're doing with more than just a basic grasp of how the ICE (or hybrid) operates is becoming more of a skilled trade once again.

    That's my thoughts on it. Dealerships and shops with highly trained technicians will be where the money comes from for AZO, AAP, ORLY going into the future.

    There will always be a place for selling car wash, air fresheners, seat covers, oil, filters, etc. ,etc. Commercial, however, is going to keep these companies afloat and allow them to grow.
    Mar 15, 2015. 07:24 PM | 3 Likes Like |Link to Comment
  • AutoZone: Our Favourite Large-Cap Stock [View article]
    Good points, PC.

    I based my comment on my personal observations as a front line employee at AAP. Our commercial desk seems to make up for lower margins with its much higher volume. Unfortunately, I do not have access to my store's financials, so I cannot state that as fact.

    Outside of the margin issue, commercial sales are more reliable than DIY. Commercial account XYZ can generally be counted on for X dollars of sales per week, etc. DIY is more influenced by what the weather is outside. :)

    With modern autos becoming near impossible for the DIY customer to do repairs on, I see commercial accounts as the bread and butter for aftermarket auto part sales going forward. AZO may face headwinds capturing accounts that are already serviced by AAP or ORLY (or even NAPA), regardless if they acquire better parts sourcing.

    The fact that they are making moves to address the issue is a good thing for AZO. I wish them luck (but they won't get any of our accounts... ;))
    Mar 14, 2015. 12:09 PM | 1 Like Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 112......  [View instapost]
    That's the way it should be - work, or stand in line for soup. No free phones, internet, housing, healthcare, diapers.... Soup. Maybe a cot in a gym, too. But certainly no more than that.
    Mar 13, 2015. 09:23 PM | 4 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 112......  [View instapost]
    Both. In the end, I think 2015 will close higher than where it opened, across all averages.
    Mar 13, 2015. 09:20 PM | 2 Likes Like |Link to Comment
  • AutoZone: Our Favourite Large-Cap Stock [View article]
    Surprised you do not see AZO's relative lack of a robust commercial program as a big negative... That's where the money is.
    Mar 13, 2015. 05:55 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 111....  [View instapost]
    IT,

    I think "putting words into your mouth" is a stretch. You singled out the service industry, and then laser-focused on one part of that - bartenders and waiters/waitresses.

    So, wait staff and bartenders have junk jobs, but schlubs like me that serve up auto parts, put on your wiper blades, install your batteries, kiss your ass even though the customer is NOT always right, etc., etc. do NOT have "junk jobs"? Or our employees that clean people's houses, scrub their (often times) nasty toilets, vacuum up Fido's 10 pounds of shed hair - all of those things that you'd get to "if you had the time", but don't ever seem to find it - those are not "junk jobs"?

    So your comment was only directed at those so desperate for money that they would find it necessary to serve you drinks, or bring food to your table. Okay, got it.

    And, truthfully, my wife started out cleaning with Merry Maids in 2000. As a cleaner. Making those shitty wages that you look so down upon. She's now a franchise owner, and she's loving it.

    Get off your high horse - there are no "junk jobs".
    Mar 11, 2015. 02:26 AM | 2 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 111....  [View instapost]
    Buy all dips. I'd be a buyer of all dips myself, if I was actively investing. I'd guess buying the dips will be safe until interest rates get up around 2.5-3%...

    The fact that gold is negative on the year does not seem to bother you... Why should stocks be any different?
    Mar 11, 2015. 12:08 AM | 4 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 111....  [View instapost]
    There is more to the service industry than restaurant wait staff and bartenders. It was just interesting to know that you consider my job, as well as the jobs that me and my wife create to be "junk jobs"...
    Mar 10, 2015. 10:06 AM | 2 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 111....  [View instapost]
    So, IT, is collecting welfare better in your eyes than "junk jobs", since it pays so well?

    Nice to see TN did not make the list. Hard enough to find good employees as it is.
    Mar 9, 2015. 11:31 PM | 2 Likes Like |Link to Comment
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