willy431 Posted November 22, 2013 Share Posted November 22, 2013 Agreed...I just ignore all his posts now.... Interesting read:http://online.wsj.com/news/articles/SB10001424052702304864504579141304065848042 If link doesn't work--search no joy toysrus and click on the wsj link. Great article. Quote Link to comment Share on other sites More sharing options...
Alcarin Posted November 22, 2013 Share Posted November 22, 2013 awwwww not sure if i can bare living with this ignore .... Quote Link to comment Share on other sites More sharing options...
Fcbarcelona101 Posted November 22, 2013 Share Posted November 22, 2013 lol, I know, but we would just on go on forever discussing the topic otherwise! Quote Link to comment Share on other sites More sharing options...
Legodad71 Posted November 22, 2013 Share Posted November 22, 2013 Sounds like someone has watched Wall Street way too many times. No greed isn't good. Greed creates nothing. And no working hard to get ahead is not greed. Greedy people want everyone else to believe that but it isn't true. Sorry to tell you selling Legos isn't going to make you like Romney. People like Romney lie, cheat and steal. They use their connections to get rich and then use that wealth to further their greed. Buying and selling Legos is not the same as buying corporations, running up massive debt on the company books and walking away with , profits while leaving the the employees cleaning up there And if you think Romney has nothing to do with Bain,now that is stupid. That is not to say ally private equity is bad, some actually care about helping people. Others not so much. And remember that 95% of all wealth created since 2008 is in the hands of the 1% so I guess you really are out of luck. And they also know something you don't, the current financial system is not sustainable. Oh please ignore me too! I know hearing anything you might disagree with is very painful for your delicate sensibilities. 1 Quote Link to comment Share on other sites More sharing options...
Fcbarcelona101 Posted November 22, 2013 Share Posted November 22, 2013 Stay on topic! Quote Link to comment Share on other sites More sharing options...
Brickshopper Posted November 22, 2013 Share Posted November 22, 2013 I thought the topic was TRU going out of business isn't it fair to discuss the corporate greed and mismanagement that caused it. Seems all these posts are on topic and interesting point of views Quote Link to comment Share on other sites More sharing options...
Fcbarcelona101 Posted November 22, 2013 Share Posted November 22, 2013 Right, so talking about the company's mismanagement is fine, but some posts are just going into politics way too much. Quote Link to comment Share on other sites More sharing options...
justgod Posted November 22, 2013 Share Posted November 22, 2013 Right, so talking about the company's mismanagement is fine, but some posts are just going into politics way too much. So we can talk about how crappy TRU is, but we can't talk about WHY they are in the position they are? I agree that politics should be left out of it, but I saw very little above that actually had to do with politics, but more to the point of WHY they are in the financial position they find themselves in. I apologize if my comments turned this toward Romney bashing, that was not my intention. Quote Link to comment Share on other sites More sharing options...
Fcbarcelona101 Posted November 22, 2013 Share Posted November 22, 2013 So we can talk about how crappy TRU is, but we can't talk about WHY they are in the position they are? I agree that politics should be left out of it, but I saw very little above that actually had to do with politics, but more to the point of WHY they are in the financial position they find themselves in. I apologize if my comments turned this toward Romney bashing, that was not my intention. That kind of thing is what I meant. Your posts are fine. Quote Link to comment Share on other sites More sharing options...
Huskers1236 Posted November 22, 2013 Share Posted November 22, 2013 I'm with FCB on this one, leave the politics out of it. There is a reason it is banned on most forums we are a part of, because it never ends well and devolves quickly. Look at this thread for example, it is completely worthless at this point and we're only on page 2. Quote Link to comment Share on other sites More sharing options...
justafrog Posted November 22, 2013 Share Posted November 22, 2013 TRU is in the position they're in because the world changed and they zigged when they should have zagged. It's just that simple, and it happens all the time. Some species miss the evolutionary shift and go extinct, some companies miss the market shift and go out of business. What happened to TRU is they got fat and lazy. Then Walmart and Target showed up, leaner and hungrier, and then the internet showed up and gave people easy access to everything for sale everywhere. Quote Link to comment Share on other sites More sharing options...
Sauromosis Posted November 22, 2013 Author Share Posted November 22, 2013 So almost all their revenue goes to pay interest and Ebay runs their web site. Yikes, I guess that's why shopping, credit card, rewards, and wish list are all separate logins. Quote Link to comment Share on other sites More sharing options...
hxckid88 Posted November 29, 2013 Share Posted November 29, 2013 all this anti Romney stuff...just please tell me that you don't support Obama....please. Quote Link to comment Share on other sites More sharing options...
MillerTime Posted December 22, 2013 Share Posted December 22, 2013 Woah. Woah. Woah. Is greed good? Absolutely. (see the original Wall Street) Maybe you misinterpreted my statement. Without going in to a lot of detail, it is OVERLY greedy to loan someone money knowing dang full well they will never be able to pay it back. Kind of like PayDay loans. Kind of like the mortgage crisis. But I guess that is all okay, because they do it all under the name of Capitalism. Jealous? Of what? Of purposely ripping off a company so that they go under? Nah. Not me. I love capitalism. I must have missed all these previous posts where people complain about it and the rich people. Do I want to be rich? Sure. Would I sell out an entire company to do so? Hell no. I am more than aware of the less fortunate. I live right next to the meth capital of California. See it all the time. Your comment makes no sense. So because there will always be people who are better off, that entitles them to screw the next guy? WOW. Glad to know there are still people out there willing to bury their ethics in the name of profit. I am not going to drag this on, but I stand by my statement: greedy bastards, with more emphasis on the second word. I'm a little surprised willy431 called people in this thread stupid after himself getting super offended at my first post on this forum, but regardless, willy is correct. Justgod, I recommend you take some finance classes. You seem to repeat catch-phrases from the media but you yourself admit you "have not done a lot of research". This sounds a little..(no offense)...ignorant to me. I started becoming quite interested in finance before college, so I decided to get a degree in it. If all Americans were forced to take those same classes, the talks about private equity firms would be much, much different. Anyway, I'll leave that topic at that as there isn't much more to be said than what has been said. Toys R Us used to be the giant in the 90's but like others have mentioned, Target and Walmart started expanding in the toy market, and people enjoy doing all of their shopping at one store. Add to this Amazon.com, which is taking away business from all B&M stores, and this is why stand-alone toy stores have had so much trouble this decade. There are still a dozen toys r us stores within 45 minutes of me, but I'm sure they'll have to downsize in order to stay fairly competitive. Quote Link to comment Share on other sites More sharing options...
Guest TabbyBoy Posted December 23, 2013 Share Posted December 23, 2013 Don't worry TRU, Smyths Toys will look after us! Quote Link to comment Share on other sites More sharing options...
Anakinisvader Posted December 23, 2013 Share Posted December 23, 2013 There's always a bigger fish. Qui Gon Jinn 2 Quote Link to comment Share on other sites More sharing options...
legopocalypse Posted December 23, 2013 Share Posted December 23, 2013 And the stupid comes out when you bring up Romney's name. He left Bain ****** 2001. Bain was EQUAL partners with kkr and vornado when they bought these 3 stores... In 2005. Willy<-greedy and wants to be like Romney I have no problem with making tons of money and capitalism, I'm just not a fan of Bain/Romney. If that's your hero then I guess the stupid has come out. Poor, uncreative, incompetent people (or people trying to push an agenda) are the ones who sit around calling others greedy. I mentioned Romney's name but never called anyone greedy, I want to make all the money I can and bust my @$$ off doing it and have been self employed for almost 20 years now. all this anti Romney stuff...just please tell me that you don't support Obama....please. how did W work out for ya? Quote Link to comment Share on other sites More sharing options...
justgod Posted December 23, 2013 Share Posted December 23, 2013 Funny that this topic just resurfaced. I saw a report the other day that there were more proxy takeovers this year than in an previous, largely due to some companies having more money than they know what to do with. Give it another 100 years and and we may be left with a very small amount of parent companies. All I was trying to say was that I thought it unfair to loan someone money knowing full well that they were not going to be able to pay it back. Illegal? No. Immoral? Maybe? The rich get richer.... I don't need a finance class to figure this one out. Also, for those that support "greed": what is your opinion on the mortgage crisis? All those "greedy" banks stretching the law sure worked out just fine, right? Quote Link to comment Share on other sites More sharing options...
lowillsw Posted December 23, 2013 Share Posted December 23, 2013 Funny that this topic just resurfaced. I saw a report the other day that there were more proxy takeovers this year than in an previous, largely due to some companies having more money than they know what to do with. Give it another 100 years and and we may be left with a very small amount of parent companies. All I was trying to say was that I thought it unfair to loan someone money knowing full well that they were not going to be able to pay it back. Illegal? No. Immoral? Maybe? The rich get richer.... I don't need a finance class to figure this one out. Also, for those that support "greed": what is your opinion on the mortgage crisis? All those "greedy" banks stretching the law sure worked out just fine, right? The mortgage brokers who are lending those money are average joe and jane from Main Street. Your local banks make a majority of their money selling mortgages. You are shooting the wrong people of blaming the rich because they are easy targets. Those are the GREEDY people from Main Street that kept lending out money knowingly it'll blow up eventually. Maybe you should bring the torch and pitchfolk to capital hill and the federal reserve. Quote Link to comment Share on other sites More sharing options...
Ed Mack Posted December 23, 2013 Share Posted December 23, 2013 TRU is in the position they're in because the world changed and they zigged when they should have zagged. It's just that simple, and it happens all the time. Some species miss the evolutionary shift and go extinct, some companies miss the market shift and go out of business. What happened to TRU is they got fat and lazy. Then Walmart and Target showed up, leaner and hungrier, and then the internet showed up and gave people easy access to everything for sale everywhere. True. Also, they don't help themselves. Their affiliate program is a joke. If they would even give a half percent to sites like ours, many people, including us, would pimp their items. I won't miss them at all. See ya. Quote Link to comment Share on other sites More sharing options...
Fcbarcelona101 Posted December 23, 2013 Share Posted December 23, 2013 Funny that this topic just resurfaced. I saw a report the other day that there were more proxy takeovers this year than in an previous, largely due to some companies having more money than they know what to do with. Give it another 100 years and and we may be left with a very small amount of parent companies. All I was trying to say was that I thought it unfair to loan someone money knowing full well that they were not going to be able to pay it back. Illegal? No. Immoral? Maybe? The rich get richer.... I don't need a finance class to figure this one out. Also, for those that support "greed": what is your opinion on the mortgage crisis? All those "greedy" banks stretching the law sure worked out just fine, right? 1- Banks were "greedy" by making subprime loans that they "knew" borrowers could not pay2- Borrowers were just as greedy for getting a loan they knew full well they could not pay3- Government was stupid (no surprise there) by highly encouraging ("forcing") banks to lend to unqualified borrowers in the hopes of making "homes affordable for everyone!" There were no innocent parties in the crisis, it's just easier to blame the ones at the top.how did W work out for ya?Just as bad as O... 1 Quote Link to comment Share on other sites More sharing options...
Fcbarcelona101 Posted December 23, 2013 Share Posted December 23, 2013 True. Also, they don't help themselves. Their affiliate program is a joke. If they would even give a half percent to sites like ours, many people, including us, would pimp their items. I won't miss them at all. See ya. Yeah, they will need to change A LOT if they expect to survive in this current environment. Quote Link to comment Share on other sites More sharing options...
nolanfan34 Posted December 23, 2013 Share Posted December 23, 2013 TRU's key to survival is Babies R Us. If I was running it, I would shut down a large portion of the standalone TRU stores, and focus on the combo BRU ones. BRU has such strong brand equity among new parents. Quote Link to comment Share on other sites More sharing options...
DoNotInsertIntoMouth Posted December 23, 2013 Share Posted December 23, 2013 TRU's key to survival is Babies R Us. If I was running it, I would shut down a large portion of the standalone TRU stores, and focus on the combo BRU ones. BRU has such strong brand equity among new parents. Very true - I have plenty of people at work who overpay consistently for Diapers, baby toys, etc. because they love Babies R Us. I think thats why my TRU does so well. The baby section is as big as the normal section now. Quote Link to comment Share on other sites More sharing options...
Veegs Posted December 23, 2013 Share Posted December 23, 2013 That is one of the ways I sweeten Lego shopping - the BRU section can distract my wife and child while I frown at the high TRU CAN retail prices. That was also the first place she wanted to register when we had our baby, and it is always full of moms/kids. BRU must be helping the TRU side... Quote Link to comment Share on other sites More sharing options...
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