Posted on 01/21/2002 6:01:33 AM PST by RikaStrom
In order that we might all raise the level of discourse and expand our language abilities, here is the daily post of “word for the day”. Rules: Everyone must leave a post using the “word of the day”; in a sentence. The sentence must, in some way, relate to the news of the day. The Review threads are linked for your edification. ;-) Practice makes perfect.....post on....
repudiate \re*pyoo"dee*ate\ transitive verb
repudiated, repudiating, repudiates
repudiative; adjective
repudiation; noun
repudiator; noun
1. To reject the validity or authority of: “Chaucer... not only came to doubt the worth of his extraordinary body of work, but repudiated it” (Joyce Carol Oates).
2. To reject emphatically as unfounded, untrue, or unjust: repudiated the accusation.
3. To refuse to recognize or pay: repudiate a debt.
4a. To disown (a child, for example).
4b. To refuse to have any dealings with.
5. To cast off; to disavow; to have nothing to do with; to renounce; to reject.
Servitude is to be repudiated with greater care. --Prynne.
6. To divorce, put away, or discard, as a wife, or a woman one has promised to marry.
His separation from Terentis, whom he repudiated not long afterward. --Bolingbroke.
7. To refuse to acknowledge or to pay; to disclaim; as, the State has repudiated its debts.
Etymology: Latin repudiatus, past participle of repudiare, from repudium rejection of a prospective spouse, divorce, probably from re- + pudEre to shame. Date: 1545
Here is my example with WFTD:
It is by no means clear, for example, Martha Stewart label would be welcomed at a Kmart rival like Wal-Mart, which doesn't use celebrity endorsers anyway, or even Target Corp., which has been doing fine without celebrity pitchmen also.
As for Kmart itself, well, it seems pretty clear that Wall Street has basically written the company off. At the stock's current price of $1.73 per share, investors are valuing the entire business at less than $800 million, or not much more than one-tenth its stated book value, which investors obviously think is a joke. Not a comforting thought for Kmart's stockholders, even if they've lost a bundle already. The message of the market is that more bloodletting may still be to come.
Now this is an interesting little development. Kmart is bleeding profusely from the books and there doesn't seem to be any way to stop the cash flow. I wonder if Martha Stewart is watching this closely? As most of you know, I am no great fan of Martha and any corporation that solely bases 80% of their operating cash on one outlet is not doing good business. Target, which I prefer over Walmart, and Walmart do not need to bring in high profile names and tricks to get people into their stores. So I doubt they are going to buy into the “Martha Stewart” branding policies. It certainly repudiates the claim that celebrities “sell” a business. Doesn’t look like all those high priced pitchmen did any good, now does it?
What does everyone know the trick, now???
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