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Lenny "The Cool" Lounge>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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ChiliConCarnage 03:27 PM 05-18-2022
Following up Walmart's poor report. whatever Target said at earnings must have been awful. Down 25%. Took everything with it. Costco hasn't reported yet and got pulled down 12.5% today. That's a hell of a reset of expectations for companies of that quality. So much for your consumer staple blue bloods being "defensive", geez.
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lewdog 03:30 PM 05-18-2022
Originally Posted by ChiliConCarnage:
Following up Walmart's poor report. whatever Target said at earnings must have been awful. Down 25%. Took everything with it. Costco hasn't reported yet and got pulled down 12.5% today. That's a hell of a reset of expectations for companies of that quality. So much for your consumer staple blue bloods being "defensive", geez.
Between inflation and this insane labor market where we pay people 20-30% more than what a job is worth, these companies are being "squeezed" by their normal standards as the cost of doing business is through the roof on all sides. No way to control costs. Many companies have high valuations still, so we are finally seeing these blue chips being brought down to match the rest of the market.
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PunkinDrublic 03:52 PM 05-18-2022
Originally Posted by scho63:
I would ask if you miss China but I am guessing with all the shit going on there, the answer is probably no.

I miss my friends sometimes in Beijing and Hong Kong. Never had any in Shenzhen or Shanghai.
I miss the women that’s for sure.
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Hog's Gone Fishin 06:16 PM 05-18-2022
I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.
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Peter Gibbons 06:26 PM 05-18-2022
Originally Posted by Hog's Gone Fishin:
I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.
If you are willing to pay enough, I can get it to you quickly from Colorado by running interference in a screaming chicken trans-am while my partner breaks trucking laws related time and mileage. For the right price, we might even follow up with an encore a few years later, but it really won’t be as good as the first one.
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Buehler445 06:46 PM 05-18-2022
Originally Posted by lewdog:
Between inflation and this insane labor market where we pay people 20-30% more than what a job is worth, these companies are being "squeezed" by their normal standards as the cost of doing business is through the roof on all sides. No way to control costs. Many companies have high valuations still, so we are finally seeing these blue chips being brought down to match the rest of the market.
20-30% is a bit optimistic. 50-100% is more in line. Here anyway.

Originally Posted by Hog's Gone Fishin:
I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.
Take it. Before they figure out they’re underpriced.
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Hog's Gone Fishin 06:58 PM 05-18-2022
Originally Posted by Buehler445:
20-30% is a bit optimistic. 50-100% is more in line. Here anyway.



Take it. Before they figure out they’re underpriced.
I think they're gouging.
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Rain Man 08:43 PM 05-18-2022
Originally Posted by Peter Gibbons:
If you are willing to pay enough, I can get it to you quickly from Colorado by running interference in a screaming chicken trans-am while my partner breaks trucking laws related time and mileage. For the right price, we might even follow up with an encore a few years later, but it really won’t be as good as the first one.
I can drive the truck as long as I can bring my Bassett Hound along.
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ghak99 10:06 PM 05-18-2022
Originally Posted by Hog's Gone Fishin:
I think they're gouging.
It's not going to get cheaper any time soon.

Their rate hike is actually lower than several in my area.
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Buehler445 10:10 PM 05-18-2022
Originally Posted by Hog's Gone Fishin:
I think they're gouging.
Diesel is like $5.50, fool.
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petegz28 10:17 PM 05-18-2022
Today was very interesting. Volume was much lighter for the type of sell off we saw and the adv volume vs. dec volume was much better than the other day when we had a similar sell off.
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Hog's Gone Fishin 08:04 AM 05-19-2022
Originally Posted by Hog's Gone Fishin:
I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.
Originally Posted by Buehler445:
20-30% is a bit optimistic. 50-100% is more in line. Here anyway.



Take it. Before they figure out they’re underpriced.
Originally Posted by Hog's Gone Fishin:
I think they're gouging.
Originally Posted by ghak99:
It's not going to get cheaper any time soon.

Their rate hike is actually lower than several in my area.
Originally Posted by Buehler445:
Diesel is like $5.50, fool.
Well, it's a 300 mile trip to get the rock here. At 5MPG that's 60 gallons. If fuel is $2.50 more than last year that's $150 cost increase and they've raised the rate $500

Yes, they're taking advantage and gouging. They did the same thing back in 2008. Truckers can suck my dick!
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Hog's Gone Fishin 08:12 AM 05-19-2022
Originally Posted by Hog's Gone Fishin:
Well, it's a 300 mile trip to get the rock here. At 5MPG that's 60 gallons. If fuel is $2.50 more than last year that's $150 cost increase and they've raised the rate $500

Yes, they're taking advantage and gouging. They did the same thing back in 2008. Truckers can suck my dick!
In 2008 it was $800 to get a load from Fort Smith. Diesel went from $2.50 to $4.00. The rate went from $800 to $1200. Diesel came back down to $2.50 and the rate stayed at $1200.
Now it's happened again. When the fuel price comes back down the rate will stay jacked.
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Nightfyre 10:52 AM 05-19-2022
Originally Posted by Hog's Gone Fishin:
In 2008 it was $800 to get a load from Fort Smith. Diesel went from $2.50 to $4.00. The rate went from $800 to $1200. Diesel came back down to $2.50 and the rate stayed at $1200.
Now it's happened again. When the fuel price comes back down the rate will stay jacked.
Truckers are hard to come by right now as well, probably contributes to the cost. I don't see that getting much better
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lewdog 11:32 AM 05-19-2022
Originally Posted by Nightfyre:
Truckers are hard to come by right now as well, probably contributes to the cost. I don't see that getting much better
$95k to truck for Walmart and they’ll train you to get your CDL.
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