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It is, had a little pull back this week bears getting happy happy, they are getting very sad now.
If they would have done one iota of DD they would have known damage like that, means construction in EU USA and shipped to Saudi, where do they think the stuff was built in the first place, that isn't buy off the shelf or patch it up.
And we have still yet to hear a peep in the market/media about those 2 billion cubic feet per day that aren't and will not flow til this game is done.
And another thing, ships are being rerouted and have been since this started further screwing the pooch. Thos freighters don't just turn on a dime and hustle to the new place.
This thing should be trading 12/13 and popping to 14/15 every once in a while.
It's tick tick time, winter is coming and gas isn't so over the top flooding the market anymore.
But we shall see. Either way IMHO we were headed to 10-12 land by November anyway, this may just put some giddy-up in her.
But why this thing has been priced so well below its peers for so long with 2 straight years of increasing numbers and beating the street estimate time after time and many times not just beating it, destroying it.
Peace out.
As it has already announced and in place they do not have to tell anyone about repurchasing share until the filing of the Q which they were bought in.
They won't tell anyone, they usually don't, "if" they do it and like I said companies of this caliber normally do, they will do it on the sly so as not to run the price.
It will go up if they take those shares off the market as that takes them out of the short pool etc, but it will be in a more gradual way rather than an announcement which they won't have to do.
One other thing it does going forward instantly increases earnings per share as they get back to positive results, its a win win and at the price like I said, no one would fault them, lenders will get the bulk damn near all of it but for a pittance.
We will just have to see, that's the creating/increasing value for shareholders, it's a win win win situation for almost no money in the big scheme of things.
Your welcome I will do an update after this Q as many things will be changing for the better especially we get that sale.
Peace out.
I was going to mention that it is something that does happen more than not when a company of this caliber gets a large amount from selling off assets to buy some stock back at the low price.
If/when the sale of Lane Brant and Catherine's goes through if its in the 500-600 million range taking 1% or even 0.5% of the money using the rest for debt etc they can get a rather large group of shares back.
They already got the $200 million from Maurice's which already went to some of the debt, accounts payable etc no doubt, with the next hunk they can take 2.5-5 million and buy stock back under .40 or even .50 which they don't have to announce to the market until the Q is filed for Q1 2020. 5-10 million shares bought out of the market would do a lot for very little.
They are looking IMHO to do two things, make the market happy talking out debt, bills etc giving them financial health pick me up and they want to make shareholders happy, we little guys yes, but, lets call a spade a spade, the big boys would really appreciate boosting shareholder value and to do it for such a small amount of capital getting a rather large bang for the bunch, they would definitely not be criticized for it.
We will just have to see.
Aramco’s Repairs Could Take Months Longer Than Company Anticipates, Contractors Say
There goes that oil glut now and into 2020 by the time this is really sorted in 2020 will be pumping overtime.
And that 2 billion cu ft per day won't flow as long as cutting, grinding and welding is happening.
https://www.wsj.com/articles/aramcos-repairs-could-take-months-longer-than-company-anticipates-contractors-say-11569180194
Aramco’s Repairs Could Take Months Longer Than Company Anticipates, Contractors Say
There goes that oil glut now and into 2020 by the time this is really sorted in 2020 will be pumping overtime.
https://www.wsj.com/articles/aramcos-repairs-could-take-months-longer-than-company-anticipates-contractors-say-11569180194
Aramco’s Repairs Could Take Months Longer Than Company Anticipates, Contractors Say
Not could, will, said it all along, those parts aren't pull off the shelf.
https://www.wsj.com/articles/aramcos-repairs-could-take-months-longer-than-company-anticipates-contractors-say-11569180194
DD POST FOR $ASNA
Ascena Retail Group, Inc.
Outstanding shares..........197.80 Million
Public Float..........156.96 Million
Institutional/Funds Reported August 15th 13F filers
Increased Positions.....61.....21,788,253 shares
Decreased Positions.....93.....19,145,550 shares
New Positions.....13.....8,081,899 shares
Sold Out Positions.....43.....5,096,048
Largest Holders 13F/13G/13D filers
BlackRock, Inc..............25,919,983.....13.1%
Stadium Capital Management..19,231,162.....9.8%
GOLDEN GATE PRIVATE EQUITY..17,468,570.....8.83%
Dimensional Fund Advisors...15,502,339.....7.83%
Nomura Holdings, Inc........15,105,247.....7.63%
The Vanguard Group..........13,652,497.....6.9%
Sapience Investments, LLC...10,395,417.....5.25%
PRIMECAP MANAGEMENT..........6,663,000.....3.36%
Renaissance Technologies.....5,881,240.....2.97%
Atom Investors Lp............5,872,804.....2.96%
SCHWAB CHARLES
INVESTMENT MANAGEMENT INC....5,266,883.....2.66%
STATE STREET CORP............ 4,886,334....2.47%
CANADA PENSION PLAN
INVESTMENT BOARD.............4,337,756.....2.19%
ICM ASSET MANAGEMENT INC/WA..3,196,943.....1.61%
Connor, Clark & Lunn
Investment Management Ltd....2,980,211.....1.5%
GEODE CAPITAL MANAGEMENT.....2,318,167.....1.17
NORTHERN TRUST CORP..........2,125,676.....1.07%
Bank of New York Mellon......2,038,539.....1.03%
PRINCIPAL FINANCIAL GROUP....1,394,379.....0.70%
Spark Investment Management..1,183,900.....0.59%
Under 900K holders total....17,880,496.....7.52%
Total.....................................93.759%
Shares Sold Short
as of August 30th.............51.83 Million.....33.02% of the float
Stock Repurchase Program authorized to repurchase up to $181 million.
As of September 22, 2019, stores operated by Acena. In the USA, Canada and Mexico
Ann Taylor brand with 965 Locations which include the Lou and Grey
is included in that number and is carried at Ann Taylor, Loft and Nordstrom
https://www.anntaylor.com/
https://www.louandgrey.com/
Loft brand with 669 locations which includes
https://www.loft.com/
Lane Bryant brand with 736 stores
https://www.lanebryant.com/
Catherine's brand with 335 stores
https://www.catherines.com/
Cacique Intimates sold in Lane Brant stores
https://cacique.lanebryant.com/content/about-us
The last brand is Dress Barn which was the first brand but is now being closed down as fashion trends change and women's wear changes, they have offered up their intellectual property for sale as it is a well known brand the could still be utilized and reopened on a much smaller scale in my personal opinion in targeted areas around the country, in it's current form it is unsustainable and with ASNA being a huge conglomerate not enough attention can be given to it in the current retail climate to make it work.
My own thoughts are it could/should have been slimmed down long ago and stores kept open in areas where they would have thrived and do now, but the problem being there are too many places it doesn't.
I believe in African American communities in the inner cities and to a vast number of communities in the south and Midwest it would be a great business. One glaring obvious reason is the number of women in these communities that attend church regularly and always want to look their best and in those communities the dress has not gone out of favor as it has elsewhere in the country, but thats just my opinion, but as a nationwide model in all communities, it just cannot make it anymore, the winners end up paying for the greater number of losers. So we shall see if one or two companies or entrepreneurs have the same mind set that I do, I think it could be an excellent 200 store chain without a doubt making a tidy sum but 5-800 not anymore, not in 2019.
Now they have been closing the stores in a staggered basis as different landlords have different mindsets and some leases are/were in their ending phase up to date as far as I have been able to find out they have shuttered 65 stores since the ER for Q3 when they had 674 giving them 609 this is down from 739 last year as they were already closing them as leases were coming to term, all the stores will be closed as of December 31, 2019.
The term loan, $1,371m outstanding. Loan maturities are as follows:
2021 - $66.5
2022 - $90
2023 - $1,215
Sales %'s in Q3
Luxury 43%
Plus size 25%
Kids 18%
Value Fashion with 14%
Sales in Q3
Premium Fashion
2019 $549.5 million
2018 $532.7 million
Plus Fashion with 32
2019 $311.5 million
2018 $312.8 million
Kids Fashion with
2019 $227.4 million
2018 $233.8 million
Value Fashion with
2019 $177.3 million
2018 $187.4 million
Operating losses for Q3
Premium Fashion $ (5.6)
Plus Fashion (27.7)
Kids Fashion (25.4)
Value Fashion (43.1)
Unallocated restructuring and other related charges (7.1)
Unallocated impairment of goodwill (115.1)
Unallocated impairment of other intangible assets (25.0)
Total operating loss $ (249.0)
Premium Fashion operating results decreased by $28.1 million primarily driven by a decline in gross margin rate, and an increase in operating expenses primarily associated with increased variable distribution costs, employee-related costs, and marketing expenses partially offset by an increase in comparable sales and lower store expenses.
Plus Fashion operating results decreased by $34.9 million primarily due to a decline in comparable sales and gross margin rate, an increase in marketing expenses, employee-related costs, and a charge of approximately $16.3 million to write down store-related fixed assets, offset in part by lower occupancy costs associated with our fleet optimization program.
Kids Fashion operating results decreased by $20.3 million primarily due to the lower gross margin rate, a decline in comparable sales, and higher SG&A expenses, mainly reflecting higher employee-related costs.
Value Fashion operating results improved by $11.9 million primarily due to an increase in gross margin rate and a decrease in operating expenses, offset in part by the impact of lower sales volume due to a reduced store count. Operating expense reductions were primarily driven by lower occupancy and store expenses associated with our fleet optimization program.
Operating loss was $249.0 million compared to $48.5 million in the year-ago period, resulting primarily from the goodwill and intangible asset impairments discussed above and the decline in gross margin rate. Write down losses are not the same as folding money losses, the numbers change on an accountants figures and poof you lose $200 million and never even get a kiss.
Nine Months Ended May 4, 2019 sales
2019 $4,039.2 Billion
2018 $4,046.9 Billion
Now Q4 will be down overall but that will be because Maurice's was sold, but, Ascena owning 49% will share in the profits from Maurice's which will be added to Q4 and 2019 Full year as well as the $200 million in cash after fees from the sale itself.
I say profits as the company that bought it is rather good at what they do and its only one brand they can focus on and streamline, this is what they do. As well Maurice's will not have all the excess baggage attached to it IMO.
In this next set of numbers you can see why much easier their reasoning for selling Maurice's and Lane Brant and Catherine's and closing Dress Barn
Nine Months Ended
Premium Fashion
2019 $1,784.4 Billion
2018 $1,697.4 Billion
Kids Fashion
2019 $820.1
2018 $822.5
Plus Size
2019 $902.7 Billion
2018 $957.5 Billion
Value Fashion
2019 $532.0 Billion
2018 $569.5 Billion
The nice gains YoY in Premium were literally turned upside down by Plus and Value Fashion Plus needs a company that can focus on it better, plenty of value there, especially Lane Bryant sometimes companies just get too big in retail with too many brands under 1 roof, someone will suffer. Dress barn, its time just passed much smaller, better focused on locations could be great but takes someone with the time and where withal.
Looking forward to the close of the sale of the Plush fashion line, that will literally change the scope, that with the Maurice's $200 million will wipe out short term debt, a large portion of long term debt and other monies owed that will give the company breathing room, lower interest payments and let them focus on getting the ship righted.
Was doing a Google search for something else I usually do every day about this time and noticed something Justice will be opening a new store at the Fashion District Philadelphia.
As retail changed a lot of money around the country has been spent creating these new Shopping Destinations, with one in NJ to include office space, a residential area, more food options, a space for gym operators and yoga studios, a hotel.
Many companies are slowly closing their old stores when leases are up and choosing to open fewer stores decidedly sticking to these new type of venues and upscale outlets, have to change with the times.
Here is a link to the Fashion District Philly opening.
https://www.inquirer.com/business/the-gallery-mall-fashion-district-philadelphia-tiffanys-bakery-market-street-20190919.html
And here is a couple links to the way these new shopping destinations are being built many where old malls were enlarging them for all the other amenities, it is supposed to be the future of brick and mortar in larger cities and higher $$ zip codes.
https://www.cnu.org/publicsquare/2019/09/10/new-day-downtown-retail
https://www.cnbc.com/2019/04/30/westfields-garden-state-plaza-mall-is-getting-a-makeover.html
Here's and article from the Philadelphia Enquirer about the Fashion District Philadelphia.
There is a list mid way down of the tenants it shows Francesca's as one of those that were not able to open for September 19.
It is what it is, getting open and festivities on before fall set in and the landlords could start getting some $$ back from the investment probably weighed in on the opening date.
Peace out
Hey John, how goes it.
Call me crazy, but, something always sets off these retail melt downs every 8-10 years.
1999-2000 it was the green/dot com rush and brick and mortar would be gone in a few years.
Then 2008/2009 with new administration and recession that set that one off, and again its all going online.
This year I believe the new rule, hedge funds knew ahead they planned ahead. Retail Dive I mean look at the name of it, and the editor is a communist who hates capitalism that wrote for the Village voice her entire career Daphne Howland.
Now that is my first choice for a new online retail publication, a communist yee haa. I mean seriously, it was started right when new rule was coming in. I dig deep, you know that have to find whats behind the curtain of the great and powerful OZ.
I am sure she is a delightful lady, but one does not have to be a rocket scientist to figure it out.
A twitter acct Mitch Nolan https://twitter.com/mitchnolen was created hasn't had a post since beginning of August was all about slamming retail and brick and mortar.
And then media as it is today, no one writes stories anymore that are their own, they move the sentences around, restructure them find a new headline and a fresh pic for a company website and voila free lance reporter in the pajama from Muskogee Oklahoma is getting a paycheck this week.
Then you go on line and the different authors, publications etc financial news god or bad, it looks like the world is writing stories on it, and its like, no sweetheart usually its one story fed by some fund, investment bank etc with a story to tell or wants to tell, that is financial news for the most part one big advertisement good or bad. 20-25% is actually reporting.
Drive by news is what we are now.
Then you get overblown stuff and an entire sector gets taken down, does it flush out the eventual losers 1-2 year early, does it make others get their self together and straighten up a year or two early and probably save more than a few, yes.
But you know retail just like me, I didn't do as much buying as you did in India but i covered the rest of SE Asia and it was for me, I was the cook, waitress and chief bottle washer.
You can switch gears in retail on a dime if you catch it quick enough, and coming up with cash when you have inventory, is not hard thing, margins may hurt foe a minute, but that is a temporary bite. It always sounds worse than it is, and here, although Dress Barn is a 40 year marriage they are getting out of ad it will be hard with a lot of hurt feeling it will be good and they will be better for it.
The stores they are selling, well those are the mistresses that didn't work out, they cost you too much and you really haven't time to put into the relationship as you should, so at least upon leaving you will get the jewelry back you can sell that and take care of some debts.
Do you have a relationship hangover? yes, but it wasn't as bad as it seemed.
This is one of them, one of the few that will come out bandaged but will be as good as new down the road.
Just want to see, the sale and the money they get, where the money went fro Maurice's debt cleared short at first and credit revolver, bills owed etc. Plus size money more of the same, maybe an early long term debt payment the 2021 one maybe and then keep a little something in the coffee can in case of emergency.
Then we will truly know we got something worth loving and we just may take the plunge and get married again. Ann seems like a lovely Gal we meet once or twice a week in her Loft LOL. Her nephew Justice seems alright he just better get is truant self together, past few months he has been outgrowing it, lets just see he keeps that way.
Peace out.
Looking forward to them myself. Want to see the use of the Maurice's sale funds, hopefully as the CEO said they took out some debt and interest payments, hopefully they took out some revolver credit debt, this is something that has steady interest payments.
No company ever pays it all off but getting there's down to better level will be a big plus.
Not sure what Lane Bryant's and Catherine's sale will bring in, if/when that happens, I would guess $500-600 million+
We will see, that money will help with breathing room as well, as more debt can be paid off and maybe an early debt payment.
Bids were due on Sept. 5 for Dressbarn’s intellectual property.
I imagine we will here what came of that.
I find it so hard to believe that lenders are worried and personally think the story is false. But to each his own.
The term loan, $1,371m outstanding. Loan maturities are as follows:
2021 - $66.5
2022 - $90
2023 - $1,215
I don't see how one could be worried at this point, but, I am just thinking in a logical manner.
The company had a response recently to the article.......
The company is current on its obligations, is in full compliance with its term loan and revolver, and it intends to remain that way, Ascena’s representative said. There’s also substantial cash on hand, he said.
I think that was already a known fact, I have my own opinions about the nature of the story and where it actually came from, but that I shall keep to myself.
Still find it odd, that the company missed revenue by 0.1% at 1.27 billion for last quarter and did that with 155 less stores than the year before and that was seen as a travesty.
As well they did it with one less week of sales from the prior year. "The non-comparable sales were also flat, with the favorable timing impact resulting from the 53rd week in the prior fiscal year offset by fewer stores as a result of the company’s ongoing fleet optimization program."
Dress Barn is something that needs/is being shut down as it is the profit leech in the mix, but, 155 stores less and only have YoY sales down 0.1% doesn't give me pause the way it may give others, seems like there is one main problem well 2 and both are being sorted.
Dress Barn which they are closing and take down some debt which they are doing by selling off their bottom tier lines, seems feasible.
Yes, they will lose revenue, but its profits not revenue that are important, revenues matter for speculative stocks when one is trying to look into the future to try and guess how much they will/can make in profits once the bleeding stops.
The company suffers what many other companies do especially bloated retailers, it is too big with too many multiple lines.
Cut the number of stores down, get rid of those weighing down more profitable growing brands and focus on them.
Peace out.
One other thing, I had gone over this on the other board with the Recell thing last year, will put what I have learned over the years here too.
When you have a stock that say you add to over time and it goes through a rough patch and you add heavily or more on the bottom.
When you sell any even some for profits and then to re-buy the dip always always always sell your oldest stock first if it is something you will have to pay taxes on in a relatively short time.
When putting in the trade go into the lots find the oldest most expensive shares and sell those, you profit on them less so your tax liability is lower.
Then as you liquidate pieces of your holding as the stock rises after the new year do the opposite, why? again taxes, once you have some money on the hip (profits banked) aas my old man used to say the next issue going forward is cap gains long term, you always want to save your oldest stock for last when selling a year or two after the stock rises to a level you think okay I am done now.
Stocks that start paying a decent dividend you may never be done each one is different especially when dealing with value as opposed to growth I call long term pump and dump. The techs the cannabis the green energy the new thing. 95-98% of them will go to bankrupt long term.
It just is what it is, the better ones with better assets, tech etc will get bought up for pennies, nickels or dimes on the BK auction block.
Don't care which ones people may think are different, the tech, the fad whatever from the nifty-fifty of the 70's to dot com boom then energy tech boom of the late 90's they all go belly up. All but the select few better if your lucky to find a winner, ride until its just there, dances around in the clouds for a but, then move on, find the next fad or finally buckle down and learn to read filings, real the newspaper so you can foresee the horizon and know what happens is happening is coming before its a race and a momo.
And whatever anyone does never get into solar energy, its been the next best thing since the 70's untold 10's no 100's of billions have been lost in that long term BS scam, the rest of green energy all hype that means nothing, who knows, but, I wouldn't put anything on a wind farm company either, buy batteries they collect more power on the dollar.
As with most fads, new tech etc they never make it as they are proven worng, except solar the govt since Jimmy Carter has given more subsidies, wasted more money, on that BS than one could imagine, and it has the same exact draw backs that will never be solved.
Can ya make money on it low when there is a big green hype, yes every 8-10 years or so you can, but in the end after the govt's spend what they will the game is over, its tax money that creates that pump and dump, nothing else.
Want proof ask the 100's of thousands of investors that lost their shirts over the last 4 pump and dump solar/green runs a play yes, an investment not on your life.
True story 1999 when the than green energy bubble was popping a video was going around the net, where a company that is long gone, that the US govt Clinton gave 10's of billions to was shown throwing away $10's millions of dollars of solar tubes whatever. The reason they were tossing these thing into dumpster after dumpster for weeks?
Govt didn't want them to get sold off and flood the market and hurt the other pumped up solar companies. Keep the fantasy alive as long as possible, kind of like TSLA.
Learn to properly invest I guess I am saying.
Doubt it will go below the director buy in price for any amount of real time and days like the triple witching day only happen every so often.
Thats why I told people if you are really long, DO NOT use stop losses, they are for suckers, or day/swing traders.
Market makers can see them and when it gets close they will reach down and take them, end of story especially the third Friday of the month. leave you GTC's high, on high volume days where momo day traders etc are running it for no reason take some profits here and there, so when days like today happen you can smile, or just sit with them, funds that hold stocks only look at them once a Q unless they are looking to add sell etc, its a quarterly business, day to machinations are meaningless.
Thats why I don't do the chart thing for my investments daily, weekly I do it quarterly, I did when I was young, thought I was the smartest guy enter, exit enter exit win big, win little or lose big or lose little
Never was getting anywhere, the variances are large that's why I equate it to professional gamblers, which is what most trades are, they aren't traders they are gamblers traders are in the Forex/Commodities/ futures not trading stocks under $50 the stock market has become more of a gamblers arena and has wild swings with every tweet, news report no matter how insignificant.
But I learned to become wealthy and stay that consistent wins with almost NO losses was the way and over time my bankroll unlike gamblers only grew as did my profits so variance swings, those are successful and rising high and laughing until they aren't they have an expiration date from 1-5 years 10 the best of them, but most nowadays are only that good as they follow the heard and when 50000 other people are buying into a run doesn't rocket scientist to make money if you know when where to buy and it doesn't turn in you, those guys use stop losses and should investors in real stock should not.
Either add, hold or sell all or some for profits to re-buy later each Q that is when an investors make those decisions, get in solid companies that are at their lows, with great potential and play them every Q unless something catastrophic happens which almost never does.
Happens everyday (catastrophic shit) but that is in the scope of 15K stocks out there its a rare thing and a stop loss for an investor is a fools action, IMHO.
Peace out all.
Oh yeah next 6-9 months this is money in the bank. better interest rates though.
Peace out all have a great weekend.
This doesn't have anything to do with flooding etc, shares available to short today dropped like a hot rock they went out like they were free candy, and today was the triple witching blah blah day, shorts always jump on heavy those days look around the market, but, at the end of the day doesn't mean a thing.
They have their days, they need to make up for 10's of mil they lost week of earnings, that kicked as day after day after day 1000's of shorts got smoked every day, multiple times a day as well as the long holding shorts.
A room I am in already said they were gonna do a bum rush Monday give them a nice little squeeze.
But you guys no me, see you next ER all the rest is soap opera stuff.
If you put GTC high everything in between ERs at this point only matter to day/sing traders, the the No-Limit Holdem players, rich today broke tomorrow just like poker players ha ha.
Peace out
Hey slick, I know your as lazy as the day is long, but at least do this for yourself. It keeps you from seeming like someone who isn't the sharpest knife in the drawer.
Go here
https://msc.fema.gov/portal/search
Insert this address I believe it says area of minimal flood hazard and actually there is not flooding there at all not an inch, next.
8760 Clay Road Houston, TX 77080
All I can say is ha ha tee hee
I just explained it to you.
Don't be playing your manipulation dance games.
Take that back over there.
Your over there one simple phone call and its sorted, why not do that, than doing your "wonder and speculation trip"
New I should not have come back to this sand box.
Happens every time no matter the stock, price goes up ot come the games.
Cya all.
Just talked to a friend of mine, it is to do with the stock being transferred to the US market and Mellon stating they are here to be used in the market.
He said any stock that was issued for dilutive purposes would be announced in Australia first as that is where the shares which trade within the ADR are listed, the US market cannot dilute the stock they must be brought out there. FWIW
Peace out.
A question as these ADR's are all greek to me,
the first Mellon filed was back in 2012 when AVMXY ADR's got to US, could it be, that there are so many US holders that they had to bring in another lot/group of them, or claim to be holding that many?
Just tossing it out there, when I first saw this PR I went right to Hot Copper they didn't have a PR about it?
They are usually first?
Like I said see what they say tonight.
Update, just checked yeah stock up, no PR they haven't a clue about it, maybe is stock that was removed from that market for trading/holding here as US has so many holders now?
They are just announcing the shares are here?
Like a tella novella up in here, I doubt it is dilution, Nasdaq? For sure hot Copper will have their opinions and there are some smart cookies there, we knew the next 3-4 months were going to be exciting 6 months ago, I am just gonna sit back and watch it unfold.
Agreed to whomever said it, exciting times indeed.
Peace out.
Yeah that happened at Empire Outlets too in NYC Francesca's was one that was completed for that, there are still many spots there under construction, mainly the third floor and many of the fancy restaurants too though those I believe is now with putting the interiors and kitchens together.
One of the big ones in NY Nordstroms and a few others, they opened for July 4th there was a three day deal going on then too. 10 of the stores in Philly weren't able to open for the opening weekend, in Philly when I looked at the updated info today.
I will periodically check, well I search the term "Francesca's" every morning with coffee for additions on the 24 timeline so it will no doubt be in one of the news feeds.
Peace out.
$ASNA Dress Barn deal with landlords done and been done a while.
Heavy NYC short, helped take down a lot of retail, chatting with a comrade a month or so back, I have confirmed it.
Found totally by accident as he never mentions ticker symbol just the lenders symbols. Worth catching a piece on a dip, very good terms, and excellent time to liquidate, couldn't ask for better and then to walk away unscathed.
Donut Shorts
@DonutShorts
·
Aug 2
From the BBG distressed debt chat on Wed. Comments from $SKT and $CBL on Thursday confirm this.
https://twitter.com/DonutShorts/status/1157301808299151361/photo/1
Roger Atlas
@RogerAtlas2
·Aug 2
Does this mean they are not going along with the closure at all? Or that they chose to allow them to get out of the lease at year end instead of taking the higher lease breakage payment to have occupancy?
Donut Shorts
@DonutShorts
·
Aug 2
Replying to
@RogerAtlas2
The latter
Roger Atlas
@RogerAtlas2
Replying to
@DonutShorts
Got it. So lower lease expense for $ASNA (compared to paying a breakage fee), but higher losses on Dressbarn for longer.
11:41 AM · Aug 2, 2019·Twitter Web App
Donut Shorts
@DonutShorts
·Aug 2
Replying to
@RogerAtlas2
They are shutting Dress Barn down. Presumably whatever lease concessions they got for staying open offset whatever they are losing from an operating basis.
Roger Atlas
@RogerAtlas2
·
Aug 2
Yeah, we'll see. Admittedly, this is better than I thought they would be able to achieve.
LOL, yeah probably not, would be cool though. He seems like a "I am gonna tell you what I am gonna do and will focus on getting it doe 100%" then like this last ER, we see, hey he is more than bluster.
But would be cool, should be great opening weekend all new store openings are great, first couple months its like that new love deal in a relationship good times.
And with all the mayor, dignitary thing and events for 3 days is like a party atmosphere in Center City no doubt.
Looking forward to hearing what harkami encountered there, crowds etc.
Peace out.
Harkami finds himself in Philadelphia this today and before his flight at 4PM he is going to go into Center City for the festivities and the opening of the Philly Fashion District where the newest Francesca's will open today.
He is going to try and take some photo's of the new shop and the goings on, I will either upload them here for him or he will whichever suits harkami.
Peace out.
You always have been first to the party with the obscure stuff, well done yet again. Agreed excellent timing with the PR we figured the PR roll would start about same time this year as last as we head into December/Jan.
Peace out.
I saw that to and figured it has to be because it is being "introduced" there
I mean there aren't even any on their website, like all hush hush anticipation kind of deal.
Yeah definitely think it will do the stock a world of good, could get silly, I just searched for news saw none, so I am thinking it has not hit yet as it will be a pretty important thing there no?
First upgrade 30 years and all, with the computer, oh I can never think of the right word, diagnosis is that right?
Sorry I am not totally up on it, read what I could and the history etc.
Look forward to seeing what comes out when they PR it.
Talk at you later.
NO I haven't, figured a PR maybe? Have you tried searching the product name see if other news sources had it, I will have a look.
You have done some shuffling right? You how you do it in this?
Yep, I think we got this we are the next leg up, 7's for a while lay a nice floor, a nice solid oak floor. Just started off another nice strong upward trend, level out in 7's a bit and take on the 8's next.
I love it when a plan comes together congrats to everyone. This is building into a Nasdaq worthy rock solid stock/company.
https://twitter.com/AndrewD88355412/status/1174390560892817408
Peace out.
Was a goody.
Just one more thing to take note of, the numbers are going to be up,very nicely the holiday shopping season as they are and have been for months now, but, think of that.
Sales will be up, and with 10's of thousands of stores closed and more closing every day, for Francesca's was our twin Charming Charlies closing all their stores and Forever 21 closing stores left and right as well as the big retailers JCP etc etc that leaves more money and with sales figures way up a lot more money with the remaining retail stores getting a bigger piece of that pie.
Take all the gloom and doom with a grain of salt, the reality is much different.
Peace out.
The problem with the posters not only multiple posts but that retail sales measured by the government have been rising steadily since May and will continue to do so.
The only people that think a recession is coming or want is more like it is left media which wants a recession to try and get a socialist in the White House, but the economy just won't pay attention to them.
And by this report yesterday by CNBC holiday sales although they preface with their fear tidbit, holday sales this year expected to be 5% above last year, now you have a nice day, I have some DD on something I need to post tonight and need to use my time for that, ta ta all the shorties.
Holiday retail sales could climb 5% despite ‘unprecedented uncertainty’ (Unprecedented uncertainty by the liberal media politicking that is)
https://www.cnbc.com/2019/09/17/holiday-retail-sales-could-rise-5percent-despite-unprecedented-uncertainty.html
Oh and this that pesky government and their numbers
Retail Sales Are Expected to Top $1.1 Trillion This Holiday Season
A new holiday sales forecast projects a robust season for retailers.
https://www.inc.com/anna-meyer/retail-holiday-sales-season-growth-2019-christmas.html
Holiday retail sales expected to rise between 4.5% to 5%: Deloitte
https://www.marketwatch.com/story/holiday-retail-sales-expected-to-rise-between-45-to-5-deloitte-2019-09-17
I told you all a while back the negative media on retail was gonna end and a switch was being flipped. Reality has a way of kicking a short seller screaming doom and gloom right in the teeth.
Peace out.
Tomorrow is the day the new store opens in Philly Fashion District this will be a top tier store, I love a store opening and the crowds for days. So officially tomorrow we add to the revenue numbers for the rest of the Q and beyond excellent location and have to love store opening they get bum rushed for days.
"Why downtown retail is coming back"
"The Fashion District in Philadelphia is the major US retail project opening this month" (Their words not mine)
https://www.cnu.org/publicsquare/2019/09/10/new-day-downtown-retail
What you’ll see when Fashion District Philadelphia launches this week in Center City
https://billypenn.com/2019/09/17/what-youll-see-when-fashion-district-philadelphia-launches-this-week-in-center-city/
Behind the scenes at Fashion District Philadelphia, which opens Thursday
https://www.inquirer.com/photo/inq/fashion-district-philadelphia-pictures-20190918.html
Go for it on 9.19.19 for 3 days of special events
https://fashiondistrictphiladelphia.com/calendar
Grand Opening: Fashion District Philadelphia
Three city blocks — 8th to 11th streets from Market Street to Filbert Street — transform the old Gallery mall into a retail, dining and entertainment destination when the Fashion District Philadelphia officially opens on Thursday.
Just in town for the weekend? With our enviable address in the heart of Center City Philadelphia, you won’t need to go far to explore the city’s historic district, Convention Center, and Reading Terminal Market. Be one of the first to discover #TheDistrict.
Join the Honorable Mayor Kenney, PREIT CEO Joseph F. Coradino, Macerich CEO Thomas E. O’Hern and Master of Ceremonies, and President and CEO of the Philadelphia Convention & Visitors Bureau, Julie Coker Graham at the official opening ceremony. Outside The Cube Plaza at 9th & Market, join us as we welcome guests through the doors of the District for the first time. Marked by confetti cannons and a special performance by the Philadelphia Freedom Marching Band, the opening ceremony will officially mark this important milestone for the City.
Personally,
I could care less about VWAP FIB RIBS RSI on a stick, means nothing as an investor, which is someone who invests, there are places for all that, must be 100 chat rooms where they talk that constantly means nothing to an investor, these are the things that matter to me, are revenues going up today? Did they go up August 15th in Ballston Quarter in Arlington VA a premier location in DC one the THE best.
The boards sink into nonsense with nothing an investor would care to know, that's why I end up pulling back from the when all the chart gurus and show up, it adds nothing to the conversation what so ever. There are places for that, but instead of fighting it I back off, miss the AVMXY board, but, it is what it is.
As pointed out by keepsmiling on Hot Copper...........
"""The best part of this announcement is that surgeons will be able to apply for an exemption to use it."""
Peace out.
AVITA Medical Receives U.S. FDA Investigational Device Exemption Approval of Pivotal Study Evaluating RECELL System for Soft Tissue Reconstruction
Published: Sep 16, 2019
VALENCIA, Calif. & MELBOURNE, Australia--(BUSINESS WIRE)--Avita Medical (ASX: AVH, OTCQX: AVMXY), a regenerative medicine company focused on the development and commercialization of innovative therapies leveraging the healing properties of a patient’s own skin, announced today that the U.S. Food and Drug Administration (FDA) has approved the company’s Investigational Device Exemption (IDE) application to conduct a pivotal trial evaluating the safety and effectiveness of the RECELL® Autologous Cell Harvesting Device (RECELL® System) in combination with meshed autografting for the treatment of acute full-thickness skin defects, such as degloving (a type of injury where the skin is ripped from the underlying tissue), crush wounds (a break in the external surface of the body), abrasions, lacerations, and surgical wounds.
“FDA approval of our IDE for a soft tissue reconstruction pivotal clinical trial is an important next step in expanding the potential indications of our RECELL System technology platform. We are pleased with the strong interest expressed by the clinical community in participating in this study and we look forward to working with physicians and their patients upon study commencement,” said Dr. Michael Perry, Chief Executive Officer of AVITA Medical. “Many burn specialists who have experience treating burn patients with the RECELL System also treat patients with trauma injuries in their clinics. The treatment protocols for burns and trauma are well-aligned and as such, we anticipate a positive transfer of clinical experience to benefit this patient population during the clinical trial.”
Skin grafting is the standard of care for soft tissue reconstruction, including post-trauma and post-surgical skin reconstruction. Skin grafting requires the harvesting of donor skin, resulting in an additional wound to the patient. Significant pain, delayed healing, risk of infection, the need for multiple procedures, discoloration and scarring are associated with donor site wounds. While skin grafting is commonly associated with burn treatment, in 2017 approximately 80% of acute wounds that required skin grafting were non-burn related injuries accounting for more than 200,000 procedures in the U.S.i
“Based on the compelling safety and effectiveness of the RECELL System in treating burn wounds, we believe our innovative technology is ideally positioned to be evaluated as a treatment to heal trauma- and surgery-related wounds,” said Andy Quick, Chief Technology Officer of AVITA Medical. “With a clear opportunity to improve the standard-of-care, we look forward to sharing results upon completion of this pivotal trial.”
AVITA Medical will initiate a prospective, multi-center, randomized controlled study to compare the clinical performance of conventional skin grafting with and without the use of the RECELL System on acute non-burn full-thickness skin defects. Each patient will have a control wound treated with conventional skin grafting and a wound treated with expanded skin grafting in combination with the RECELL System. The study’s two primary effectiveness endpoints are:
Incidence of healing by eight weeks post treatment
Donor skin sparing, evaluated by comparing the ratios of donor skin required to treat the wounds
Healing will be evaluated by a qualified clinician blinded to the treatment allocation. Additional long-term safety and effectiveness data collected over the course of the 52-week study will include blinded evaluation of scar outcomes and patient treatment preference.
The pivotal studies leading to the RECELL System’s FDA premarket approval (PMA) for the treatment of acute thermal burns demonstrated that the RECELL System treated burns using 97.5ii percent less donor skin when used alone in second-degree burns, and 32 percent less donor skin when used with autograft for third-degree burns.iii Despite the statistically significant reduction in donor skin required to treat burn patients with the RECELL System, burn wounds treated with the RECELL System achieved healing comparable to the burn wounds treated with standard of care. Donor site outcomes from the clinical trial for second-degree burns also revealed a statistically significant reduction in patient-reported pain, increased patient satisfaction and improved scar outcomes.ii
Rock solid $10 by Xmas
Peace out.
Whatever been hearing the end of brick and mortar to online for 20 years never happen for umpteen reasons, will it grow to maybe 20% but 10 years from now, yes.
As more and more brick and mortar shift to take advantage of online, 1.2 million stores across the nation will close and all go online, especially clothing, your living in a fantasy world.
I haven't the time not the inclination to chat with you about it kid.
Jill needs to sort other problems out and online sales isn't it and never will be.
How many parcel delivery trucks do you think would be on the rode with 1.2 million stores closing? Never happen, dreamer.
You have a good day
Oil will remain bullish and trend higher in coming months as that's how long it will take to rebuild the destroyed parts of facility in KOS. I figure 5-6 months, its not like the items are buy off the shelf ready, I would expect much to be shipped, one assembled and gotten to ports IMHO.
Shale is getting a nice shot in the arm. that facility also did 2 billion ft per day of NG that's why its rising bullishly as well.