RAISE THE MINIMUM!

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If you read my post about the SOTU– that was featured on Market Watch, mind you –then you would know that I think the big boxes are shorts. Why? Because they rely on large sales volume, to counteract their small margins. It’s funny really, that the Great Leader of the west, King Barack, who supposedly loves the peons and the middle class, keeps torching them. This time, in letting the pay-roll tax cut expire, people have less money to spend on the products sold by WMT and TGT, products made in acid rained factories in Chiner. At the same time, these companies will have to start firing their greeters, and other employees, as the impending rise of the minimum wage comes swarming, like locusts, over the horizon.

Top Picks: short WMT TGT 

8 Responses to “RAISE THE MINIMUM!”

  1. Don’t agree with COST. They are leaps ahead of others and treat their employees very well. In fact they are the best in the industry at providing benefits and salary for employees.

  2. COST is a long, only company Munger is on the board of. The TIF lawsuit isn’t great but total damage is very small relative to their business imo.

    Consumer retail is in a long term secular decline though. Just picture what retail looks like in 10 years and it’s hard to imagine it using anything close to the current sqft retail occupies in this country.

  3. I agree with the above sentiment regarding COST. Great business.

  4. What did you think of the price action today on ELLI?
    We started the day up 13% and fizzled down to 4% at the close!
    Great earnings and they guided higher!
    WTF!
    Analysts are giving it a target price of up to $34.00!

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