Sunday, December 6, 2009

Nice Ex-Swampland in FLA

Some notable retail BK filings since 2007: Circuit City; CompUSA; Gottschalks; Shabby Chic; Ritz Camera...

Sportsmans Warehouse; Chrysler; Filenes; General Motors; Eddie Bauer; numerous Dunkin Donuts LLC's; restaurants too numerous to list...

Golfers Warehouse; Old Time Pottery; Samsonite; Linen's n Things; Mervyns; Sharper Image; Woolworths; Bombay.

Our query from the previous posting: Where does one find such an individual? AKA Turnaround specialist who is NOT a hack, slash, burn and run type.

The Nattering One muses... Naturally the retailers of essentials...

WalMart & Costco will thrive as many flock to their scales of economy and command of the supply chain.

To find a pearl in the rough, one must look to the retailers of "non essential" goods that have so far managed to survive this depression.

One such retailer that comes to mind would be Cost Plus, hardly the poster child for essential goods, and certainly a "discretionary cash" retailer.

How have they survived this pullback? One might review their financials and ask their CEO since 2005, Barry Feld.

Hey Barry, SOS from Cape Coral, I got some really nice ex swamp land in Florida, if your interested?

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