Sears and Kmart closings

[rufus]

Yep T. Boone Pickens is a good bet.

Yes, but he is even older than me. Will his ideas and projects out last him? I don't know.

Our nation is blessed with a lot of natural gas; let's use it.

Rufus

 

[rufus]

I see on the internet that the humble penny, aka the US Cent that was produced prior to 1982 is now worth 2.3 cents if melted. Of course it is illegal to melt them or export them, but since when has a law stopped anything?

This may be the only circulating coin that may retain some value in the coming currency collapse.

Let me go through my pocket change now.

Rufus

 

[Mattemma]

Always happy when ds finds a *real* penny(more copper than zinc).And to think I used to like those new zinc pennies!

I should have shopped at Sears this weekend .My oven has been broke for months.

 

[rufus]

They took the silver out of our coins in 1965. My father died in 1976, but his pockets were still full of silver change. He never went any where, so he never spent those coins.

Right after the government debased the currency, Gresham's Law promptly took effect. Silver disappeared from circulation right away. So now I am looking at all of my pennies.

http://www.chicagotribune.com/busin...loser-among-sp-stocks-20120530,0,711080.story

So Sears just posted the largest loss of Standard and Poors stocks. Small wonder. We are in the first stages of a massive economic depression and Sears is still wasting money sending out slick advertisements for stuff no body can afford.

When will the light dawn for them?

Rufus

 

[rufus]

More Sears/KMart news.

http://www.businessweek.com/news/2012-05-30/sears-leads-drop-in-retail-stock-ahead-of-sales-report

I think they need to concentrate on the merchandise people have to buy and forget about the frills. Get back to work clothes, school clothes, decent shoes. Maybe they should stock something made in the USA.

They need to cut back on appliances because people will just wash clothes at the laundry mat or at a relative's house rather than buy a new machine in these times.

A lot of consumer credit funds have their origins in European, Middle Eastern and Chinese banks. That source is drying up. The consumer may not be aware of it, but companies like "Bank of the West" are foreign owned entities.

Time will tell.

Rufus

 

[hemet dennis]

My $20 a share Home Depot stock is still doing fine.

 

[rufus]

My $20 a share Home Depot stock is still doing fine.

http://investing.money.msn.com/investments/stock-price?Symbol=HD&ocid=qbes

I think you have a winner there.

Rufus

 

[hemet dennis]

I bought 200 shares at $20 and sold 100 shares at $50 so no matter what happens to it now i"m up $1,000

 

[oldrooster]

In one town 10 miles away has 2 Kmart's one next door to target and 1 a mile from a super walmart and I don't know how either stay in business with as few customers as they have, I went to one last week because they have a little Cesar's I wanted a 5 dollar take home pizza from there but went away empty handed because the computers where down, tell me how can they stay in business if they can't make a pizza and sell it to you without a computer? another Kmart closed in a town 10 miles to my north and they had a walmart a mile away but the complex the Kmart was in bordered 2 highways and was easier to enter and exit, it only closed because they where understaffed and they rented the store after a flood that hit the city the rent tripled because the landlord never had insurance.

 

[Spookwriter]

Just had to exchange a "new" weed eater at Sears. Lasted five weeks.

The Sears I bought it would NOT exchange it. Claimed because it was
over my 30 day return, it would have to be sent off and repaired. Take
a month or so.

Second Sears store DID exchange it. Refunded my credit card the original
amount that I should see in a few days. Then SOLD me the new weed eater
on the same credit card.

Couldn't do an even swap.

I'm not a Wal-mart fan, but Sears and K-Mart apparently aren't into customer
relations.


***Before you guys get to asking questions, NO the weed eater is not for me.
It's for my wife. Weed eating is hard work. A little hard work is good for her.