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OT--Wal-Mart Posts $2.44B in 2Q Earnings
On 14 Aug 2003 20:52:58 GMT, (Gould 0738) wrote:
Much snipped.
You need an emergency transfusion of CLUE. Driving the competition under is
"good news" as far as you're concerned?
Uh, just what do you guys think the prices at Wal-Mart will be when they're the
only game around? I already know, "Whatever the market will bear! It's a free
market!"
Yeah right.
The Walton Foundation opens up in a community and intially dumps the price so
badly on everything in sight that the local competition dries up. I know of
specific cases where stuff has been sold *retail* at WalMart for less than
competitors are asked to pay wholesale. WalMart can afford to lose a few
million dollars taking over a local market, but the local businesses can't
afford to lose the same few million trying to hold on to it.
Once the local appliance store, hardware store, shoe store, clothing store,
tire store,
and now grocery stores have thrown in the towels, *up* go the WalMart prices.
I just read where WalMart is now going to be opening the Bank of Walmart in
most communities.
Pretty soon, they'll just be everybody's company store. The few employers left
outside of WalMart won't even bother to write paychecks.....they will just
issue script good only at WalMart.
And you think this is a good trend.
So Old Chuck will grasp at straws in trying to spin this positive story into
a
negative.
No, Old Chuck will see yourt story for waht it is--- an isolated and
destructive example not indicative of the general trend.
Chuck, you seem to think that we, or someone, are singing the praises of
Wal-Mart. Whether WM is good or bad is not pertinent to the discussion. WM was
not the only retailer with good news. The point made was that none of you guys
bothered to comment on what the newspapers, including the Washington Post, were
reporting.
jps, normally the quickest off the mark to copy and paste anything, posted
nothing about the good news. Hey, at least the bad news has slowed somewhat!
That in itself should be good news.
You are, in effect, proving my point. Liberals, in general, don't want any good
news about anything. Good news of any sort must be turned around so that it can
become a power play. In fact, anything good should be prevented, if possible.
Again, respectfully,
John
On the 'Poco Loco' out of Deale, MD
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