Any investors out there...

[gotmilk]

I can't see KMart disappearing from the American Landscape. It will surely be bought out by a competitor, and the name will survive. Who knows when the best time to gobble up stock will be, but it will surely get back up over 10 bucks someday.

Bradlees...Ames...Kresge....Montgomery Ward...many of them are long long gone.

Km has $1.5 Billion in debt and have over 300 stores losing money everyday...they are toast.

They already went thru the period of looking for a buyout and no one was willing to take on the debt load. Fleming and some company from France both backed out.

 

[gotmilk]

Come Christmas shopping time, folks will look to spend money at Kmart.

Umm....no..

Check K-marts Christmas sales for 2001 and see if you still feel this way.

When KM suppliers no longer stock shelves..what is there to buy? Those KM shoppers will go to WalMart or TarGAY
instead

 

[Longhorn85]

So have Walmart and Target so dominated the market that all other large scale non-mall retailers are going to die?

 

[uNOwho]

There is no point in buying stocks that are under $10.00 if they are falling and continue to fall the NYSE board has a choice to make. In Enron's case, they took the stock off the floor, those who own it are screwed. You won't get your money back no matter how badly you wish it to. K-Mart is not worth the investment. With the recent declaration of Chapter 11, it may seem like a good buy. But I say wait for it to make a stable base and ceiling, and then wait for it to break through that ceiling and make another leveling. Make sure the stock you buy is one with growth potential. Not one that the CEO hopes will grow. They have a tough road ahead of them, saying they will be out of Chapter 11 by 2003. 300 million less in debt's, that does not really sound like a good buy to me.


And don't hold a stock that has shown continous loss, wishing that it will rise once again. That's a foolish waste of your money.

~p~

 

[gotmilk]

So have Walmart and Target so dominated the market that all other large scale non-mall retailers are going to die?

In a way...yes.....watch other retailers die a slow death this year.

 

[Longhorn85]

In a way...yes.....watch other retailers die a slow death this year.

Call me stubborn (you wouldn't be the first), but in a competitive market of Target vs Walmart, one might get an edge over the other with selective buyouts of these other failed retailers. Especially if they have enough cash to absorb the upfront debt and leverage the name recognition.

I can see it now (under new ownership)

"Attention Kmart Shoppers..."

That little slogan alone is worth $$$$$$$$$$$$$$

 

[gotmilk]

ttp...why absorb $1.5 Billion in debt? WalMart and Target are fighting for Martha Stewart right now. You do not have to pay cover K-mart's $1.5 Billion when you now have access to the same distributors and products as Kmart

Kmart will not be able to stock their shelves properly....people need a place to shop...Kmart shoppers will switch to WalMart or Target once K-mart shelves become empty...without having to cough up $1.5 Billion anyhow.

 

[Badkins21]

Sam Walton is laughing his ass off right about...NOW!

I see Wal-Mart standing alone in as little as 2-3 years, but most likely 10-15...

 

[Longhorn85]

I see Wal-Mart standing alone in as little as 2-3 years, but most likely 10-15...

If the Democrats get re-elected they might try to break Walmart up a-la Microsoft.

 

[huntmaster]

If you are looking for a good cheap stock with promise---look at Raindance telecommunications. symbol is rndc

trades at around 5.60.

check it out.

they do alot of Web conferencing---many companies are turning to them to cut down on airline travel and to cut travel costs.