1trailmaker Posted October 18, 2017 Share Posted October 18, 2017 8 minutes ago, 02sled said: Fail... so you maintain the opinion that they can just swallow $190M in increased opex.... you truly are insane... and you failed to acknowledge that you were as usual wrong when you said all the labour costs are burdened by the franchisee go back and read what I said, maybe you will get a clue Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 18, 2017 Share Posted October 18, 2017 3 minutes ago, ArcticCrusher said: Yes you did and I took it for granted. Do you think a 700 million profit is a good return on 50 billion sales? sure why not? are you think 50 billion investment return? not the same thing Quote Link to comment Share on other sites More sharing options...
The Rocket Posted October 18, 2017 Share Posted October 18, 2017 2 minutes ago, 1trailmaker said: sure why not? are you think 50 billion investment return? not the same thing Margins of 7% - so juicy. Not. Min wage increase wipes out almost 30% of their profits. But Fail expects them to eat it. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 18, 2017 Share Posted October 18, 2017 56 minutes ago, The Rocket said: Margins of 7% - so juicy. Not. Min wage increase wipes out almost 30% of their profits. But Fail expects them to eat it. Instead of spewing numbers you haven't really a clue about, think of how many people make minimum wage in HEAD OFFICE? How many are employed at head office? is everybody paid minimum wages? its bullshit for you guys to eat up Quote Link to comment Share on other sites More sharing options...
revrnd Posted October 18, 2017 Share Posted October 18, 2017 10 hours ago, ArcticCrusher said: Who are you gonna believe Wynnebag or the AG? https://globalnews.ca/news/3810037/scott-thompson-do-you-believe-kathleen-wynne-liberals-or-auditor-general-when-it-comes-to-hydro-costs/ Sounds like something from the Toronto Sun. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 18, 2017 Share Posted October 18, 2017 (edited) 1 hour ago, 1trailmaker said: sure why not? are you think 50 billion investment return? not the same thing 700 mil more than they need right? Like I said, margins are tight. Edited October 18, 2017 by ArcticCrusher Quote Link to comment Share on other sites More sharing options...
02sled Posted October 19, 2017 Share Posted October 19, 2017 (edited) 15 hours ago, 1trailmaker said: Instead of spewing numbers you haven't really a clue about, think of how many people make minimum wage in HEAD OFFICE? How many are employed at head office? is everybody paid minimum wages? its bullshit for you guys to eat up I'll bet a huge number of the clerical administrative people in the HEAD OFFICE are indeed making minimum wage.... Welcome to the real world outside of the overpaid underworked government bubble you live in. Don't forget all those minimum wage people in the corporately owned and operated stores as well.... get your mind around the fact that there are a huge number of stores that are not franchised. Edited October 19, 2017 by 02sled Quote Link to comment Share on other sites More sharing options...
02sled Posted October 19, 2017 Share Posted October 19, 2017 15 hours ago, ArcticCrusher said: 700 mil more than they need right? Like I said, margins are tight. Of course... the profits belong to the employees not the owners of the business. Get with the Fail program. 1 Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 19, 2017 Share Posted October 19, 2017 1 hour ago, 02sled said: I'll bet a huge number of the clerical administrative people in the HEAD OFFICE are indeed making minimum wage.... Welcome to the real world outside of the overpaid underworked government bubble you live in. Don't forget all those minimum wage people in the corporately owned and operated stores as well.... get your mind around the fact that there are a huge number of stores that are not franchised. so tell me o wise one, what percent of people in the head office are let go? 500 seems like a lot to just get rid of and carry on with regular business = I think your claim of most of clerical workers make 11.40 an hour - total bullshit unless this business is run by 16 year olds Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 19, 2017 Share Posted October 19, 2017 16 hours ago, ArcticCrusher said: 700 mil more than they need right? Like I said, margins are tight. I believe that was profit for the owner (who owns 47%) after all other shareholders and debts paid but if you can find other numbers do so Are you arguing that Loblaws is in trouble with such low profits? what are you saying? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 19, 2017 Share Posted October 19, 2017 35 minutes ago, 1trailmaker said: I believe that was profit for the owner (who owns 47%) after all other shareholders and debts paid but if you can find other numbers do so Are you arguing that Loblaws is in trouble with such low profits? what are you saying? They are your numbers. In comparison, if a company has 5.6 million in sales and reports 70K profit, that's good? 1 Quote Link to comment Share on other sites More sharing options...
The Rocket Posted October 19, 2017 Share Posted October 19, 2017 40 minutes ago, 1trailmaker said: I believe that was profit for the owner (who owns 47%) after all other shareholders and debts paid but if you can find other numbers do so Are you arguing that Loblaws is in trouble with such low profits? what are you saying? No. And what does “after the shareholders are paid” mean? 43 minutes ago, 1trailmaker said: so tell me o wise one, what percent of people in the head office are let go? 500 seems like a lot to just get rid of and carry on with regular business = I think your claim of most of clerical workers make 11.40 an hour - total bullshit unless this business is run by 16 year olds The job cuts in head office are not min wage workers. They are being cut to offset the extra cost of the min wage increase. The 500 job cuts are supposed to save them $75 million. So on average their salary/benefits are $150k each. 1 Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 19, 2017 Share Posted October 19, 2017 27 minutes ago, The Rocket said: No. And what does “after the shareholders are paid” mean? The job cuts in head office are not min wage workers. They are being cut to offset the extra cost of the min wage increase. The 500 job cuts are supposed to save them $75 million. So on average their salary/benefits are $150k each. ya thats it they are firing 150k workers utter bullshit you are now spewing without even knowing anyting about it Who is left to run things? all the teens making 25K a year Will Wal-mart be announcing 5000 jobs gone from head office? Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 19, 2017 Share Posted October 19, 2017 40 minutes ago, ArcticCrusher said: They are your numbers. In comparison, if a company has 5.6 million in sales and reports 70K profit, that's good? as left over cash to reinvest? sure Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 19, 2017 Share Posted October 19, 2017 2 minutes ago, 1trailmaker said: as left over cash to reinvest? sure No it isn't. That would get split by the owners/investors. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 19, 2017 Share Posted October 19, 2017 Just now, ArcticCrusher said: No it isn't. That would get split by the owners/investors. no, as stated they already got their money next? Quote Link to comment Share on other sites More sharing options...
The Rocket Posted October 19, 2017 Share Posted October 19, 2017 1 minute ago, 1trailmaker said: no, as stated they already got their money next? How did they get their money? Quote Link to comment Share on other sites More sharing options...
The Rocket Posted October 19, 2017 Share Posted October 19, 2017 10 minutes ago, 1trailmaker said: ya thats it they are firing 150k workers utter bullshit you are now spewing without even knowing anyting about it Who is left to run things? all the teens making 25K a year Will Wal-mart be announcing 5000 jobs gone from head office? Yes they are. Execs, management etc. Read and learn. According to a Toronto Star article published earlier today, Loblaw will be cutting 500 corporate jobs, including executives, management, and employees that support the retail stores at the corporate level. The layoffs will have no impact on hourly in-store roles, and as a result there should not be a service level impact on consumers. We spoke to Loblaw and confirmed the story. • While the company stated that the layoffs were not related to any single factor, we believe the primary purpose of the layoffs is to mitigate the impact of the upcoming increases in the Ontario minimum wage (the first major increase is in January 2018). • We previously stated here that we believed the Ontario minimum wage increase in 2018 would have a $150 million pre-tax impact on Loblaw (the company subsequently disclosed the estimated impact from the Ontario and Alberta minimum wage increases to be $190 million in 2018). However, we believe that roughly 50% of that impact could be passed on to consumers through retail price increases, leaving a net pre-tax impact of about $75-95 million. We estimate that the announced layoffs could save Loblaw about $75 million per year on a pre-tax basis. • We believe the company intends for the savings from the announced layoffs to fall to the bottom line, as opposed to being reinvested in the business. As a result, we believe Loblaw will largely be able to mitigate the impact of the increase in the Ontario minimum wage in 2018, through the combination of the savings from the announced layoffs and through price increases at the retail level. • Due to concerns over the upcoming minimum wage increases and Amazon's acquisition of Whole Foods, Loblaw has lost about one full multiple point in valuation on an EV/EBITDAR Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 19, 2017 Share Posted October 19, 2017 9 minutes ago, The Rocket said: How did they get their money? you can look it up and post your findings Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 19, 2017 Share Posted October 19, 2017 15 minutes ago, The Rocket said: While the company stated that the layoffs were not related to any single factor, we believe the primary purpose of the layoffs is to mitigate the impact of the upcoming increases in the Ontario minimum wage (the first major increase is in January 2018). holy fuck balls who is "WE" I will stick with Utter Bullshit Fake Fucking News Quote Link to comment Share on other sites More sharing options...
The Rocket Posted October 19, 2017 Share Posted October 19, 2017 14 minutes ago, 1trailmaker said: you can look it up and post your findings Oh I understand how it works. Trying to get you above a remedial level of financial literacy. 10 minutes ago, 1trailmaker said: holy fuck balls who is "WE" I will stick with Utter Bullshit Fake Fucking News Who do you think it is? One of the security analysts that cover Loblaw. I can assure you it isn’t fake, it is the real world. 1 Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 19, 2017 Share Posted October 19, 2017 5 minutes ago, The Rocket said: Oh I understand how it works. Trying to get you above a remedial level of financial literacy. Who do you think it is? One of the security analysts that cover Loblaw. I can assure you it isn’t fake, it is the real world. so when the COMPANY states no one single factor - you take that as Wynnes fault okay lets go with WE Quote Link to comment Share on other sites More sharing options...
The Rocket Posted October 19, 2017 Share Posted October 19, 2017 7 minutes ago, 1trailmaker said: so when the COMPANY states no one single factor - you take that as Wynnes fault okay lets go with WE Did you read the comments? Consequences of min wage hike - 500 lost jobs and higher prices. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 19, 2017 Share Posted October 19, 2017 2 minutes ago, The Rocket said: Did you read the comments? Consequences of min wage hike - 500 lost jobs and higher prices. no doubt higher prices of less than 2 cent an item sold - The comment was from the company itself " no one factor is related to the 500 job loss " Quote Link to comment Share on other sites More sharing options...
The Rocket Posted October 19, 2017 Share Posted October 19, 2017 (edited) 9 minutes ago, 1trailmaker said: no doubt higher prices of less than 2 cent an item sold - The comment was from the company itself " no one factor is related to the 500 job loss " Yes - price increases to every Ontario consumer also known as inflation. Thanks Auntie Wynne. I know you haven’t listened to a lot of company earnings calls or read thousands of research reports. But news flash - companies always spin the truth to fit their narrative. Edited October 19, 2017 by The Rocket Quote Link to comment Share on other sites More sharing options...
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