tdeck Thursday, 08/01/19 10:02:56 PM Re: JohnSamuel post# 253 Post # of 308 Yes it is thanks John, just keeping my big yap shut for the moment, what needed to be said was said. The overdone nature of the shorting/sell-off and negative news pushed by players in the market will soon be turned. The new way of accounting is what gave retail it's "retail apocalypse" albatross. It all of a sudden looked like all companies debt had doubled even in some cases went up 1000%+ which wasn't the case. I have no idea why the new rule was made, I mean having to put future lease payments down as "longterm debt" is horseshit and IMHO Wall Street and the players used it to their advantage. Retail goes through the over expansion victims and flushing out of hangers on that should have bailed out of the game every 10 years but it was really pushed hard this time with the new accounting. It should be listed as long term commitments or something, that word "debt" has a negative feel to it, when it is nothing of the sort, hindsight it 20/20 if we all would have realized that this faux debt would be hitting companies one could have trimmed down and added back at the lows would have been healthier in the long run. IMHO there will be changes to the rule as it has caused a shit storm. Companies that had little or no debt like another one I am in to suddenly have 200 0r 300 million in "debt" on the books is just ridiculous. All of a sudden there were supposedly going to be 100K's yes 100k's of new Fed Ex UPS etc trucks on the road and everyone would be sitting on their arse at home getting everything delivered is as stupid and impossible as when it was first suggested 20 years ago and then 10 years ago. The thought of it is ridiculous especially when it comes to apparel and ladies/girls apparel even more so. Christ I have seen women take 6-7 items into a dressing room and buy nothing, to think that they could order at home is foolish, and what about returns? Seriously? Never will happen, E-commerce helps in 2 ways I have found after watching it closely with another company, it helps a company quickly and at a better margin rid themselves of overbought stock and mistakes in stock, yes it also has that 2-3 o'clock in the morning ordering ability where the register is going 24/7 but really the main drive for it is ridding of old stock that isn't moving or has been overbought, before companies could store it or sell it to a TJMaxx etc. That is how TJ Maxx came into being, and others like it, you know that, they were there to solve that problem, if anything E-commerce will be the death nel of those types of companies as traditional retailers can ride themselves of the merchandise at a profit or even at cost rather than selling to the TJ Maxxs of the world at .10 cents on the dollar, retail will be sorted in this next 6 months IMO and companies will be the better for it. And as mentioned they have to do something with this "long term debt" accounting screw up for lease payments that run 5-10 years, its a cost and future one at that not a debt. Peace out.