I just read that Costco has made an offer to buy out Kroger.
>makes a bold claim
>says that claim is based on what read
>fails to present the item that was read
>expects a serious response from this community, of all places
yeah.... no. Nice try, Kroger executive. We know you wanna jump ship to Costco's board, but coming from Krogerland you lack the common place to do proper business.
lol, Kroger is not going to get bought out. That is their entire back end business strategy, to remain as least profitable with as much affordable debt as possible to avoid takeovers/buyouts.
They make a little over 10b year, and probably just under a few million after all other costs. If someone buys out Kroger, prices will shoot up, customers will be unhappy, and we will start losing business.
lol, Kroger is not going to get bought out. That is their entire back end business strategy, to remain as least profitable with as much affordable debt as possible to avoid takeovers/buyouts.
Kroger's earnings increase about 10% each year and their stock has gone from $20 to $70 in the last five years. It's a very healthy company, profit wise.
lol, Kroger is not going to get bought out. That is their entire back end business strategy, to remain as least profitable with as much affordable debt as possible to avoid takeovers/buyouts.
Kroger's earnings increase about 10% each year and their stock has gone from $20 to $70 in the last five years. It's a very healthy company, profit wise.
Don't remind me. I'm STILL bitter about not buying stock from American Airlines before they merged with US Airways.
I just read that Costco has made an offer to buy out Kroger.
LOL.........that's funny........where did you read it?
Op here, I didn't read it anywhere I made it up. Just like I made up the story about the checker that got pregnant by a co-manager. I get bored sometimes and you peoe are way too serious. Lighten up everyone, life is about so much more than Kroger.
lol, Kroger is not going to get bought out. That is their entire back end business strategy, to remain as least profitable with as much affordable debt as possible to avoid takeovers/buyouts.
Kroger's earnings increase about 10% each year and their stock has gone from $20 to $70 in the last five years. It's a very healthy company, profit wise.
Yes, and they reinvest their earnings in large acquisitions fueled by selling more bonds, thus increasing the debt load. They don't have a pile of billions of cash sitting anywhere. In fact I was talking with somebody last week, and they're set to ramp wayyyy up on their remodels/expansions/new locations because of the money they have been making(coupled with failing to acquire safeway last year) and the necessity in keeping it down.
If you look at their cash flow, only 163M was "profit" last year. For a corporation with 100B in revenue, that's very little, 0.163% profit.
At this point, they need another major acquisition to continue fueling themselves forward. Rumors have been around, and I do think we'll see one this year.
Costco's entire business philosophy would not work at Kroger. Hell it would be much more likely that the big evil W bought Kroger and turned some into Neighborhood Market stores.
A co-manager getting an employee pregnant is believable. Back in the day there was a co that was banging a produce clerk and accidentally called his wife on his cell phone. But the whole Costco buying Kroger come on........Kroger couldn't shine Costco's windows..
