Sign In
Toggle navigation
Home
Community
Mixes
Music Archive
About
Community
Home
Heading 1
Heading 2
Quote
Code
Spoiler
Drop image/file
or
Drop image/file
<blockquote> and sween - i'm not really sold on the wal mart excuse. their costs did rise, which probably had something to do with it, but you're talking about approx. $30 million in additional fuel costs to a company that makes about $75 billion per quarter - not that big of a deal. whether or not it's affected consumers' spending habits is another story, but all indicators show that our economy has been strong through oil's meteoric rise in price over the past 18 months. so far. bear in mind that the oil prices we see quoted are for oil futures, which implies that a large part of that (incredibly thick) market is speculative, so inevitably there's going to be a lag on the impact of oil prices as they adjust to their proper trading range. </blockquote> <br /><br /> <br />Nah P***, I didn't explain it right. WalMart wasn't talking about their own energy costs, they were referring to customers coming in the store with less money to spend because of paying more for gas. They also came with an excuse last quarter, or the quarter before, talking about bad weather keeping customers home or something like that...prompting one analyst to come out and say "gimme a break, business should adjust to it and not blame it". <br /> <br /><br /> <br />Also dude, I tried to reply to your PM last week but your PM's are off homie. It happened to everyone when the board got hacked I think, fix that so I can get back to you. Been flipping Q calls again, but switched to puts last week. Today was nice.
Cancel
