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alstry (35.70)

Soon You Too WILL UNDERSTAND CONCENTRIC CONTRACTION

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January 11, 2010 – Comments (2)

When you cut off/cut back crediit to a credit dependent economy, and only bail out the banks.....it is not too long before cash flow EVAPORATES to ALL!!!!!!!

Fridley-based Home Valu Interiors said Monday it is closing all its stores and will spend the next several months liquidating its inventory.

The remodeling products retailer had nine stores in the Midwest until last month, when it closed or sold four outlets, including one in Inver Grove Heights. Its five remaining stores include outlets in Bloomington, Minnetonka and Fridley. Plans call for gathering all stores' inventory at the Fridley outlet for a liquidation sale, said Rudy Boschwitz, the businessman and former U.S. senator who founded the chain 46 years ago.

The chain, originally named Plywood Minnesota, changed its name to Home Valu in 1993.

In a statement, CEO Gerry Boschwitz blamed the company's financial problems on the depressed economy and housing market as well as the credit crisis.

"We simply didn't downsize fast enough to cut our overhead expenses," he said.

NOBODY WILL BEABLE TO DOWNSIZE FAST ENOUGH BECAUSE IT WILL BE IMPOSSIBLE TO SIMPLY MEET BASIC MONTHLY EXPENSES AS CASH FLOW EVAPORATES.

2 Comments – Post Your Own

#1) On January 11, 2010 at 9:42 PM, alstry (35.70) wrote:

MATHEMATICALLY....WE ARE CERTAIN TO ACCELERATE CONCENTRIC CONTRACTION AS YOU ARE TOLD THE RECESSION IS OVER....EVENTUALLY REVENUES WILL DROP SO LOW THAT GOVERNMENT WILL BE UNABLE TO FUNCTION.

Edwards & Associates in Piney Flats, Tenn. announced a “workforce reduction” Monday.  Their parent company, Bell Helicopter based in Fort Worth Tx., cut nearly 16-percent of the plant’s 315 employees.

The plant employed a total of 315 people.  Bell eliminated 50 full-time positions.

“The employees affected by the layoffs will be from all segments of the company,“ Bell Helicopter Spokeswoman Bridget Meyer said.

“This reduction was a result of the economy,” Meyer said.  “We are trying to remain competitive in the world market.”

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#2) On January 18, 2010 at 11:53 AM, ayekappy (< 20) wrote:

I know it's easy to hate on you.  It's easy to hate on things of which are not pleasant.  However, this economy is so so screwed for the next 5 years+.  Probably 10 years+. 

It's sad to see so many bulls in this type of environment... what are you guys bullish about?  Government stimulus?  That can only last so long.  I work in retail and the only products really selling are the super cheap products.

 The bulls right now are only bullish about their own money, not what the real economy is about... follow the FAS157, follow the $2 trill fed bailout; but don't follow any reality... let the huge crash happen so that you can make a quick buck and ignore all of the warning signs.

 

Greedy idiots you all are.  Follow the path of seeds to your own demise.  Take back that 20 or 30 or 40% you lost in September 08... take it greedily while the real economy evaporates.  Unless your timing is good, you will end up losing even that in the end; feeding this seething horrible pock marked machine that is the stock market.  

 

Sure the market is great to some... it's always great to some.  However, it is the exlemplification of all that is human... and where there is great money, there is great evil.

 

When prices are as great as the powers that be deem them to be at their maximums, what do you really think will happen?  Will they keep increasing price?  No.  Will they sell at the highest price while the peons buy up?  Yes.

 

I have a feeling we might see a return of Everydayinvestor.

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