Ascena Retail Group Inc fka ASNAQ

[tdeck]

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.