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crown4

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  • Taser International Inc: Price Spike Not Justified By Ferguson Crisis [View article]
    Nicholas, Every police officer in America will be wearing a camera in the next decade. If you don't believe that than I question your common sense.
    Aug 19 08:31 PM | 1 Like Like |Link to Comment
  • Safeway: Numerous Challenges Suggest Avoidance Is The Best Strategy [View article]
    I shorted at 16 and got stopped out for a loss. Shorted again with options at 35.82 when Safeway chased off the first suiter and ran with it until stopped out at 31.00 for a nice recovery. This was a revenge trade for me which violates all the rules but seriously, no one could have predicted that Safeway would seek a buyer and release earnings in the same statement. Cerberus will slice and dice this once great company into tiny bits.
    Mar 21 11:05 AM | Likes Like |Link to Comment
  • Safeway: Numerous Challenges Suggest Avoidance Is The Best Strategy [View article]
    SWY reported bad numbers and the only way the board could keep the price up was to offer it for sale thus protecting their shares and options that were gifted by the company. Safeway's management is the worst in the industry as proven by the inability to compete in most of their market areas. Selling their Canadian stores was in effect, throwing in the towel. Anyone suggesting that they knew they would make money on buying this stock is full of HS.
    Mar 20 10:08 AM | Likes Like |Link to Comment
  • Safeway - A Bad Business With A Weak Balance Sheet At A High Price [View article]
    Safeway has lost its way and will not regain its crown. It sold Genuardi's in the Philadelphia area after they ran a great business with a loyal customer base into the ground with misguided corporate programs. The same can be said of Dominick's in Chicago which also was a leader in their area. Any remaining value in the company was erased when they announced the sale of the Canadian stores which had always been a leader in their profit statement. It is losing ground in the Phx market in-part due to WFM and SFM with new stores and friendly staff, KR the price leader in the market, Albertson's maintaining its sales through effective weekly ads, Wal-Mart with ever increasing floor space dedicated to the grocery market, and upper management's ineptness to run a very basic business. SWY starts more programs than one can remember and there is no sense of direction. Sum up the sale of assets and it seems Safeway has no confidence in running a viable grocery enterprise as well they shouldn't.
    Short SWY.
    Oct 12 08:13 PM | 1 Like Like |Link to Comment
  • Endeavour Silver: A Solid-Gold Investment [View article]
    Biz,
    Thanks for your input. I haven't sold any physical silver and started a new position with EXK.
    Jul 16 04:29 PM | 1 Like Like |Link to Comment
  • Silver: Expected Rally Not Yet Convincing [View article]
    Avi,
    Didn't know about your wife, my condolences.
    Thanks for the update and enjoy your children.
    best regards, ccrown4
    Jul 15 12:25 PM | Likes Like |Link to Comment
  • Freeport-McMoRan: Valuation Is Too Cheap To Ignore [View article]
    Bret, you were short FCX at one point if my memory serves me correctly. Will you go that route again if the stock spikes?
    Mar 6 09:54 AM | Likes Like |Link to Comment
  • Safeway And Consequences Of Large Share Repurchases In The Mid-Term [View article]
    Well, I hit the wrong key and couldn't edit in time. To continue-
    Burd was lost in an illusion that we could be like Nordstrom and Ritz-Carlton. But the misguided service program turned good employees into bad employees overnight. Safeway put all their marbles into dark and shabby remodels, over sized bakeries that lack all common sense, beautiful delis that lack service, disingenuous robotic employees who hate their employer, and higher prices. Albeit Safeway is good at confusing the average shopper with the 2 for $4, 3 for $5, etc pricing. I could go on in volumes (how about the new Pharmacy space in each store that will never be used as a intended. Just wasted money). Back to the article, very well written and excellent information. Only one flaw I could find but it's a serious one. The lack of sales information. That's it, lacking in sales for 7 years? Here's the only sure money you will make with Safeway. Review the chart for the last 4 quarterly reports and it should be obvious why there is a 30% short float. Easy money come 2/21.
    Jan 10 02:14 AM | Likes Like |Link to Comment
  • Safeway And Consequences Of Large Share Repurchases In The Mid-Term [View article]
    As a former employee of 36 years I saw it all from the management level. At first it was good to have Burd on board. He fired all the upper management, sold off the unprofitable divisions which included many overseas operations, established goals, insisted that all new projects be measured and profitable, he reduced the cost of goods, created centralized buying, lowered prices to 500 basis points below Frys (Kroger) and in general pulled Safeway off the auction block. Sales and profts followed and we were a happy ship. Next came the Wal-Mart contract as we called it. It moved the starting wage back 8 years, reduced medical coverage, and capped journeyman wages to compete with the giant coming to every hometown. So now we were paying Wal-Mart wages but still held to the production quotas established for a professional workforce. Turn over increased and employee ownership diminished. Then the savior of all saviors, Customer Service, Safeway style, tainted by unreliable feedback, reprisals, and weak upper management that knew everything but knew nothing. I vividly recall listening to Burd at an annual division meeting where he stated that with our service program we could expand into other industries such as hotels and clothing retailers. Good employees became bad employees overnight.
    Jan 10 12:51 AM | Likes Like |Link to Comment
  • Here Comes The Pain [View article]
    Bret,
    I've been reading everything you write. Although I don't agree with many of your stock picks, I do agree with your evaluation of where we are headed. I'm 95% cash and thankful that I do my own investing based on my analysis which is free from most of the hype and slope of hope dopes. I recently wrote an email to my son about the situation in Greece that we can learn from. Here's an excerpt, "A Democracy inhabited by a Socialist populace voting only for politicians promising entitlements and creating only government jobs leaving the private sector unemployed and unwilling or unable to pay taxes will burn." Go to riotcams and look at the burnt buildings. Greece is at 144% debt/GNP. We are at 100%. At the rate we are burrowing, we will be there in 2017. Fire insurance anyone?
    Thanks for what you provide. Whether I agree or not, your input is always appreciated.
    Nov 14 07:49 PM | Likes Like |Link to Comment
  • Safeway: Numerous Challenges Suggest Avoidance Is The Best Strategy [View article]
    With earnings release on 10/11 and Safeway being notorious for losing value with each report, I'm short on this poorly managed company.
    Oct 10 09:26 AM | Likes Like |Link to Comment
  • Two Overlooked Gold Miners Worth Considering [View article]
    Bret, did you sell your shares of KGC when GLD pushed up over $170?
    Thanks for your articles.
    Sep 18 10:56 AM | Likes Like |Link to Comment
  • The Best-Positioned Retailer For These Dismal Economic Times [View article]
    Bret, I completely agree. I worked for the CEO, Rick Dreiling, prior to his current position. He was an excellent leader and he surrounds himself with talented people who can get the job done.
    Sep 6 11:51 AM | Likes Like |Link to Comment
  • Safeway: Don't Buy On The Heels Of Blackhawk Deal [View article]
    Safeway's low valuation is not as important as their lack of sales and downward spiraling earnings. They have exhausted all cost cutting options with the exception of upper administrative and management fat. Their great salvation, superior customer service, was flawed at conception and they removed the employees who truly gave genuine service.
    What are they going to do with the funds from the IPO? More stock buybacks. How did that work out? LOL
    I do think they are wise to sell Blackhawk now as their contracts will run out with retailers and more companies will compete in this space. Sell this horse before it dies.
    Another great time to short SWY.
    Sep 6 11:26 AM | Likes Like |Link to Comment
  • Safeway: Stock Implosion Offers Prime Buying Opportunity [View article]
    No one should be holding SWY for a dividend. There are too many good companies paying 3 times what Safeway offers.
    Aug 20 11:43 AM | 1 Like Like |Link to Comment
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