Originally Posted by
SBQ
@ Getty: individual experiences vary. I am biased. When I shop at Costco I see products that everyone buys, items that fit into every home and name brands that people want. Walk into the Warehouse and see what selection of TVs and electronics they have? Where are the name brands? I know this from 1st hand information of my cousin working at corporate office of the Warehouse some 20 years ago. The complaint at the time was name brand distributions have stakeholders - meaning they could not get those brand names because of other retail competitors selling their line. Further back, the approach of "parallel importing" provided more options for buyers but... like Sony says, not all lines are made the same. A Sony CD player made in Thailand or Vietnam did not have the same quality as the Sony made in Japan. After several years this approached died because junk quality is just that, being left with an inventory of junk stock. But they didn't have to wait too long, eventually most of the name brands closed their door on The Warehouse. I suppose that's why the TWG did it through 'acquisitions' by buying out Noel Leeming / Bond & Bond. Interesting I say because these models vary from how Costco and Walmart operate.
@ winner69 & bull....
Weak excuses. Let's be real here. Unloading a significant stock position in a company is NEVER favorable. Especially coming from a company that operates in similar market places and on the same competing field.
You can be sure Jim Cramer will never make such statements that "oh they're selling off stock because of 'favourable market conditions" lol my god. I suppose all you guys can stand around with your hands out for the dividend policy that the TWG has.
Got to love all those Kiwi Saver funds buying up the slack, perhaps that would be the biggest sin ever.