Word For The Day, Monday, 1/21/02, Third Annual Day of Repudiation

Good Morning Class. Welcome to School! Today, as you know, is Martin Luther King Day, and also the Third Annual Day of Repudiation of Jesse Jackson by Reverend Jesse Peterson and B.O.N.D. So in honor of that, we’ll use repudiate as today’s WFTD.

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?

KMART MISERY GROWS

Review Thread One

Review Thread Two

1 posted on 01/21/2002 6:01:34 AM PST by RikaStrom

2 posted on 01/21/2002 6:01:47 AM PST by NeoCaveman

3 posted on 01/21/2002 6:01:50 AM PST by Slip18

To: Students; anniegetyourgun; ralph; otterpond; DainBramage; 2Fro; Slip18; xsmommy; camle;

4 posted on 01/21/2002 6:01:56 AM PST by RikaStrom

To: CholeraJoe; theDentist; gas_dr; Cyber Liberty; petroniDE; gabz; Just another Joe;

5 posted on 01/21/2002 6:02:13 AM PST by RikaStrom

To: dubyaismypresident

6 posted on 01/21/2002 6:02:16 AM PST by Slip18

7 posted on 01/21/2002 6:02:16 AM PST by TxBec

8 posted on 01/21/2002 6:02:20 AM PST by Gabz

To: Joan_of_Argghh!; WyldKard; one_particular_harbour; Bella_Bru; riley1992;

9 posted on 01/21/2002 6:02:26 AM PST by RikaStrom

To: Silly; raygun; gunshy; maxwell; Countyline; TruthShallSetYouFree; Robert A. Cook, PE

10 posted on 01/21/2002 6:02:39 AM PST by RikaStrom

Did you figure out the trick, also, Tx?

11 posted on 01/21/2002 6:02:45 AM PST by Slip18

To: SeaDragon; white rose; Argh; doubled; zog; kachina; VRWCmember; Sabertooth

12 posted on 01/21/2002 6:02:48 AM PST by RikaStrom

To: .30Carbine; dubyaismypresident; SES1066; phantasmagoria; hobbes1; TxBec

13 posted on 01/21/2002 6:02:57 AM PST by RikaStrom

To: Cool Guy; rockfish59; katze; RjayneJ; LoanPalm, gwmoore; Soul Citizen

14 posted on 01/21/2002 6:03:08 AM PST by RikaStrom

You're right in there, gabz!

15 posted on 01/21/2002 6:03:09 AM PST by Slip18

To: Eala, Grace; Hegewisch Dupa; Constitution Day

16 posted on 01/21/2002 6:03:21 AM PST by RikaStrom

You're fast, W!

What does everyone know the trick, now???

17 posted on 01/21/2002 6:03:55 AM PST by NeoCaveman

wow! I actually made the top 10! I saw this when no one had replied yet, but in my greedy rush to be first, I accidentally hit "threads" and not "reply.." grrr.

18 posted on 01/21/2002 6:03:57 AM PST by TxBec

To: dubyaismypresident

I think so! I never told anyone.

19 posted on 01/21/2002 6:04:41 AM PST by Slip18

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