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astonmartin708 said:

I’m just going to leave this here…

Trumps plan would increase deficits 5x compared to Kamala’s - Penn Wharton

https://www.cnbc.com/2024/08/27/trump-harris-budget-deficit-economy-election.html

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astonmartin708 said:

I’m just going to leave this here…

Trumps plan would increase deficits 5x compared to Kamala’s - Penn Wharton

https://www.cnbc.com/2024/08/27/trump-harris-budget-deficit-economy-election.html

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No clue how accurate Mr Wharton is but I do hate both their plans. So there’s that

astonmartin708 said:

I’m just going to leave this here…

Trumps plan would increase deficits 5x compared to Kamala’s - Penn Wharton

https://www.cnbc.com/2024/08/27/trump-harris-budget-deficit-economy-election.html

Click to expand...

Penn?

Wharton?

All those elitists don't know jack squat!

Liberalite socialistas!

astonmartin708 said:

I said margin not net profit. You can have increasing net profit without drastically changing your margin.

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Not without increasing sales. Are you suggesting public companies like Kroger are intentionally suppressing sales? Can’t say I’ve ever heard that.

I’m just going to leave this here…

Trumps plan would increase deficits 5x compared to Kamala’s - Penn Wharton

lawpoke87 said:

I gave you operating margins going back for 15 years. Public companies generally aren’t in the habit of intentionally reporting lower net profits. You know….that stock price and all. They also aren’t typically in the habit of spending money on anti-theft measures if the cost of those measures exceed thefts.

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I said margin not net profit. You can have increasing net profit without drastically changing your margin.

I think they’re grasping at straws with some anti theft measures, especially those in grocery stores.

astonmartin708 said:

A) you telling me that does nothing to solve the lack of information within and alongside the post. Go figure that Musk’s platform can’t fact check for crap.

B) One thing you don’t account for is the possibility that the operating expenses were artificially inflated by inflated payrolls or investments in stores that wouldn’t have otherwise been made but that increased gross returns allowed. I know that stores near me nearly all received operational renovations recently, and some implemented unnecessary anti theft devices in their cart’s wheels. Those are probably wasted dollars in the long run.

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I gave you operating margins going back for 15 years. Public companies generally aren’t in the habit of intentionally reporting lower net profits. You know….that stock price and all. They also aren’t typically in the habit of spending money on anti-theft measures if the cost of those measures exceed thefts.

lawpoke87 said:

Krogers net margins are a little less than 1.5% over the past 5 years and pretty much in line with historical averages. Gross margins are largely irrelevant as they typically don’t take into account operating expenses. Again, Reich is throwing irrelevant info out in hopes the uneducated will buy into it. Probably a pretty good bet.

Kroger Net Profit Margin 2010-2024 | KR

Current and historical net profit margin for Kroger (KR) from 2010 to 2024. Net profit margin can be defined as net Income as a portion of total sales revenue. Kroger net profit margin for the three months ending July 31, 2024 was <strong></strong>.

www.macrotrends.net

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A) you telling me that does nothing to solve the lack of information within and alongside the post. Go figure that Musk’s platform can’t fact check for crap.

B) One thing you don’t account for is the possibility that the operating expenses were artificially inflated by inflated payrolls or investments in stores that wouldn’t have otherwise been made but that increased gross returns allowed. I know that stores near me nearly all received operational renovations recently, and some implemented unnecessary anti theft devices in their cart’s wheels. Those are probably wasted dollars in the long run.

Then again, aside from the ridiculous Kroger merger that shouldn’t happen, I think we really should look upstream of the grocers for profiteering. It’s not Kroger that are the problem, some of the problem is the Pepsi, Coke, or General Mills of the world.

For example Coca Cola’s net profit margin went from a 5 year average of 14.89% in the (approximately) 5 years prior to COVID to 23.84% average in the years during and since. General Mills went from around 10 to around 13 in the same time. JBS and Tyson’s margins skyrocketed in 21-23 before coming back to earth recently. Mondelez (think Oreos) went from around 9 to around 13 post Covid. McCormick saw record net profit during Covid but has since returned to earth. There are some companies that look as if they’re operating fairly in the market and others that are essentially gouging.

TulsaGrad07 said:

Accuweather says 86F for Thursday's kickoff. That's just about perfect weather in T-Town for a ballgame.

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I was going by my weather app, which says 91 at 7 pm down to 83 by 10 pm.

eastcane said:

I think you nailed him of this, good going sleuth.

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lol. The board is better when you’re around. Please post more.

Babe the Blue Ox said:

Get there early, only 2,500 shirts available.

Temp is predicted to still be over 90 at kickoff, which won’t help with a walk up crowd.

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Accuweather says 86F for Thursday's kickoff. That's just about perfect weather in T-Town for a ballgame.

If we don't win by a wide margin I will be concerned, but not panicked.

I really don't know what to expect although I anticipate that we will be better. Hopefully much better than last year.

lawpoke87 said:

He was clearly blaming price gouging and corporate greed for rising food prices. He hit all the key buzzwords. Yet he somehow omitted the most important number…:net margins. There is no factual evidence based on financials of either price gouging or corporate greed here.

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I think you nailed him of this, good going sleuth.

eastcane said:

Well, that was just a small blurb in that, but nice job latching onto that morsel. Dynamic pricing is a thing, like when I go into Moody Store for the $4 sausage, cheese, egg biscuit, after 10 am that baby goes down to $2, then after noon it's a buck, but a little crusty.

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Small blurb. He wrote four sentences. The first two out of the box state price gouging and gross profit. He then ends with corporate greed. Can you explain why a 1.5% margin is corporate greed and price gouging ?

Do you have a problem with lowering the price on that biscuit the closer it gets to expiration ? Also, what is the point of citing a gross margin of 20% when everyone who understand financials understands it’s a largely meaningless number ?

lawpoke87 said:

He was clearly blaming price gouging and corporate greed for rising food prices. He hit all the key buzzwords. Yet he somehow omitted the most important number…:net margins. There is no factual evidence based on financial of either price gouging or corporate greed here.

Click to expand...

Well, that was just a small blurb in that, but nice job latching onto that morsel. Dynamic pricing is a thing, like when I go into Moody Store for the $4 sausage, cheese, egg biscuit, after 10 am that baby goes down to $2, then after noon it's a buck, but a little crusty.

astonmartin708 said:

3) Just because Congress is incompetent doesn’t mean that the president should be as well.

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You can’t use Holmes as support for suppressing speech when he clearly states his test was in war time and Congressionally enacted. The suppression of speech we’ve witnessed over the past 3 years have neither. It also was directed towards speech other than pandemic related.

eastcane said:

Hey, where did he mention inflation on that post? Looked like a warning about consolidation, but if Kroger can make the margins work with Albertson's inventory, go for it boys.

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He was clearly blaming price gouging and corporate greed for rising food prices. He hit all the key buzzwords. Yet he somehow omitted the most important number…:net margins. There is no factual evidence based on financials of either price gouging or corporate greed here.

astonmartin708 said:

Well, even the community clarification lacks clarity. They correct his use of gross vs net profit, but only do so using data in 1 quarter when he was referencing behavior over 5 years.


Both things are misleading.

Apparently no one knows how to read a financial statement.

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Krogers net margins are a little less than 1.5% over the past 5 years and pretty much in line with historical averages. Gross margins are largely irrelevant as they typically don’t take into account operating expenses. Again, Reich is throwing irrelevant info out in hopes the uneducated will buy into it. Probably a pretty good bet.

lawpoke87 said:

Bluster huh. I would call it intentionally misleading at best to deflect blame for high food prices to companies like Kroger. I can’t imagine Reich doesn’t understand financial statements.

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Hey, where did he mention inflation on that post? Looked like a warning about consolidation, but if Kroger can make the margins work with Albertson's inventory, go for it boys.

lawpoke87 said:

Bluster huh. I would call it intentionally misleading at best to deflect blame for high food prices to companies like Kroger. I can’t imagine Reich doesn’t understand financial statements.

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Well, even the community clarification lacks clarity. They correct his use of gross vs net profit, but only do so using data in 1 quarter when he was referencing behavior over 5 years.


Both things are misleading.

Apparently no one knows how to read a financial statement.

lawpoke87 said:

Bluster huh. I would call it intentionally misleading at best to deflect blame for high food prices to companies like Kroger. I can’t imagine Reich doesn’t understand financial statements.

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Kroger can buy out who they want, if they scoop up Albertson's fine. Reich bumped heads with deficit hawks in the first Clinton administration three decades ago, the hawks largely won, but the guy is sharp, Clinton couldn't afford most of his economic policy initiatives then.

lawpoke87 said:

1). I said largely supplanted not wholly supplanted. Please quote me accurately.

2). Holmes never said anything about regulating pandemics. You can’t agree with him on things he never addressed.

Limiting speech based on Congressional action is a vital part of this discussion as is war. Both were intricate to Holmes’ decision. Again…the fact that one person is violating Americans first amendment rights even with speech which is factual is alarming. Please note there was also speech censored which had zero to do with the pandemic. History shows us the silencing of the people often starts in one area and spreads to others. Funny how things repeat themselves. The fact there are Dems supporting such a gross violation of our civil rights is even more alarming. Can we not place the precedent being set over partisanship?. Shall we go back to through history and discuss regimes which silenced the voices of dissenters ?

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1) Apologies. Verbiage. We agree that such a standard is not currently adopted by the government though similar logic has been used in the past. I’m arguing that such logic should i

2) I am extending Holmes’ logic to a similar circumstance as the one he was ruling upon.

3) Just because Congress is incompetent doesn’t mean that the president should be as well.

goldenhurricane2 said:

Bonus pick: I have to tell DougHeffKing to stfu at least 3 times during the game,

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I’ll take the over, and I hate that attending the game will take him away from his program for an evening.

eastcane said:

That's funny, bluster doesn't count as economic policy. Since 1989, there have been 52 million new jobs created in these United States. 50 million have been created by three Democratic presidents, and 2 million have been created by three Republican presidents. At least for the last 3 and a half decades, Republicans have had the effect of carpet bombing the American economy, numbers are the meat on the bone.

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Bluster huh. I would call it intentionally misleading at best to deflect blame for high food prices to companies like Kroger. I can’t imagine Reich doesn’t understand financial statements.