Skip to comments.
Is being generous good for business?
Costco CEO profits as he offers top pay, benefits
Houston Chronicle ^
| July 16, 2005
| Steven Greenhouse
Posted on 07/20/2005 12:54:46 PM PDT by Ace of Spades
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-60, 61-80, 81-100 ... 121-125 next last
To: Mase
This kind of uncertainty is what hurts their share price since EPS was up almost 19% last year. Their balance sheet is solid and their earnings power is unmatched in the industry. They also have huge piles of cash. And their stock price is down roughly 20% over the last 5 years while Costco is up by almost 1/3rd. Whatever Costco is doing, the market seems to like it more than whatever Walmart is doing.
To: Ace of Spades
wouldn't *have* to attract 600,000 new people every year. As long as their model is geared to part-time and first-time employees, many who are on their way to other careers, they will *have* to attract those kinds of numbers.
I make no value judgments here. I only say that their models are different and both seem to work. How can you argue with Wal-Marts success? You can't.
Let Costco try and accomplish what Wal-Mart has. No doubt they will have to change how they do business long before Wal-Mart will.
Costco is not expanding as fast as Wal-Mart, but I think, in the end, their business model will prove to be more stable.
Earnings growth is what drives stock value. As an investor, I would choose Wal-Mart for that very reason. They have just begun to grow internationally. They are kicking Carrefour's butt in Europe and, with all their cash, they will be able to acquire competitors - all resulting in continued growth.
62
posted on
07/20/2005 2:05:51 PM PDT
by
Mase
To: zbigreddogz
Agreed. I don't approve of Costco's political activity...
Does Costco engage in political activity?
63
posted on
07/20/2005 2:07:41 PM PDT
by
BikerNYC
To: carumba
The bulk food deal makes me have to eat like a horse before the stuff spoils. I usually buy food at the local grocery store.It depends... For instance, I like the size of their jars of minced garlic and Miracle Whip...
Mark
64
posted on
07/20/2005 2:08:25 PM PDT
by
MarkL
(It was a shocking cock-up. The mice were furious!)
To: Non-Sequitur
Now, now, now, you know that Walmart will close down a store in the states rather than accept a Union. But their stores in China are all unionized, communist Unions being entirely acceptable I guess. Now, now, now, you know that any "union" in Communist China will be under the direct control of the Butchers of Beijing, and that any company that wants to do business in China must deal with those Butchers.
Your sophistry is so transparent.
65
posted on
07/20/2005 2:09:17 PM PDT
by
E. Pluribus Unum
(Drug prohibition laws spawned the runaway federal health care monopoly and fund terrorism.)
To: The Electrician
The only thing I really care about is how he treats his employees. It's his money to do with as he wishes. You can find hypocrites on both sides.
66
posted on
07/20/2005 2:10:47 PM PDT
by
commonasdirt
(Reading DU so you won't hafta)
To: E. Pluribus Unum
Now, now, now, you know that any "union" in Communist China will be under the direct control of the Butchers of Beijing, and that any company that wants to do business in China must deal with those Butchers. Profits over principle, right? Better to do business with the Butchers of Beijing than the AFL-CIO.
To: Non-Sequitur
Profits over principle, right? Better to do business with the Butchers of Beijing than the AFL-CIO. Actually, I don't see much difference, other than the fact that the mafia-controlled unions are dying.
68
posted on
07/20/2005 2:12:46 PM PDT
by
E. Pluribus Unum
(Drug prohibition laws spawned the runaway federal health care monopoly and fund terrorism.)
To: BikerNYC
It gives a lot of money to dems.
To: Ace of Spades
Note to Wal-Mart. You don't have to screw over your people to make a buck. Note to Ace of Spades: Who's #1? That's all that matters.
To: Non-Sequitur
Whatever Costco is doing, the market seems to like it more than whatever Walmart is doing. Wall Street doesn't like uncertainty. Wal-Mart has three new lawsuits filed against it every day.
They are experiencing slowing growth in both top and bottom line. This is why I included their capital spending as a percentage of cash flow stats in my previous post. Once those expenditures are curtailed, they'll buy back stock, increase dividends and pay down debt. The street loves those things and will reward them accordingly.
71
posted on
07/20/2005 2:15:13 PM PDT
by
Mase
To: jimbo123
Thanks for the links, jim. I'm so sick and tired of the Wal-Mart bashing here on FR. If you don't like the place then don't shop there, it's as simple as that.
And yes, Costco support Rat causes. I'm glad there isn't a Costco in my area.
To: zbigreddogz
The company, Costco, does?
73
posted on
07/20/2005 2:18:28 PM PDT
by
BikerNYC
To: Non-Sequitur
Well, I am willing to bet that the communist unions in China were mandated by the government.
74
posted on
07/20/2005 2:18:28 PM PDT
by
GreenLanternCorps
("Dude, you've got some... Arzt on you..." - Hugo "Hurley" Reyes)
To: E. Pluribus Unum
Actually, I don't see much difference, other than the fact that the mafia-controlled unions are dying. And the Communist Chinese unions are thriving, thanks in part to Walmart.
To: GreenLanternCorps
Well, I am willing to bet that the communist unions in China were mandated by the government. They are. But that's OK with Walmart.
To: Extremely Extreme Extremist
Wrong. Costco as a company doesn't support dem causes. Jim does. The only official causes Costco supports is Children's Hospital and United Way.
77
posted on
07/20/2005 2:20:39 PM PDT
by
P-Chan Penny
(Eat a toad for breakfast.... it's the worst thing that will happen to you all day!)
To: Ace of Spades
That's what happens when you make the Free Market your god LOL - as opposed to making Lenin our god?
This must be some bizarro socialist FR website I'm posting on.
To: BikerNYC
Yes.
Are you getting at something?
To: P-Chan Penny
Costco as a company doesn't support dem causes. Jim does. The only official causes Costco supports is Children's Hospital and United Way. Sorry, most people don't see it that way because they feel it reflects on the corporation in general.
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-60, 61-80, 81-100 ... 121-125 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson