stock market was up today...

#4,977
#4,977
Rasputin_Vol said:
"Fast casual" doesn't scream Baby Boomer to me. That is the dominant demographic right now and that is the demographic that helped to push both of those brands.
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Millennials are the dominant demo in restaurants and entertainment. Panera and Chipotle and gaming come to mind.

Baby Boomers are dominant in retirement communities, health care, and Depends.
 
#4,978
#4,978
Thunder Good-Oil said:
Millennials are the dominant demo in restaurants and entertainment. Panera and Chipotle and gaming come to mind.

Baby Boomers are dominant in retirement communities, health care, and Depends.
Click to expand...

You just reinforced what I have been saying. Baby boomers are not going out in large enough numbers. Again, this is a demographic issue. They are making a mistake by thinking that expanding in other domestic markets at more strategic locations is going to fix the problem. Baby boomers are not dining out as much, nor will they be able to support the iHops, Applebees or Ruby Tuesdays.
 
#4,979
#4,979
Rasputin_Vol said:
You just reinforced what I have been saying. Baby boomers are not going out in large enough numbers. Again, this is a demographic issue. They are making a mistake by thinking that expanding in other domestic markets at more strategic locations is going to fix the problem. Baby boomers are not dining out as much, nor will they be able to support the iHops, Applebees or Ruby Tuesdays.
Click to expand...

Millennial. Can confirm. All those restaurants are trash. Haven't been to any in years.
 
#4,981
#4,981
I like Ruby Tuesday's. Good salad bar, and free burger on my birthday. We support an East Tennessee company here in gatorland.
 
#4,982
#4,982
Rasputin_Vol said:
You just reinforced what I have been saying. Baby boomers are not going out in large enough numbers. Again, this is a demographic issue. They are making a mistake by thinking that expanding in other domestic markets at more strategic locations is going to fix the problem. Baby boomers are not dining out as much, nor will they be able to support the iHops, Applebees or Ruby Tuesdays.
Click to expand...

They're probably replacing old, inefficient designs with efficient stores. They might also be making decisions based on owned or leased real estate.

I don't know about the others, but Ruby's started out when the drinking age was 18 and drunk driving wasn't enforced nearly as much. They were able to grow out of infancy slinging a lot of overpriced drinks.

IHOP is too expensive for what you get.
 
#4,983
#4,983
On their last earnings call Olive Garden said 30% of their customers are millennials. I was surprised. There's a longhorn, Olive garden, and ruby Tuesday near us and they are always packed. There's better food at non chain places but some people like the convenience and price above quality.
 
#4,984
#4,984
Thunder Good-Oil said:
I don't know about the others, but Ruby's started out when the drinking age was 18 and drunk driving wasn't enforced nearly as much. They were able to grow out of infancy slinging a lot of overpriced drinks.
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Looked at Wikipedia and it said it originated in 1972. If the 18 year olds were its main target group in 1972, again, we're talking about Baby Boomers.

All of this stuff is driven by demographics. I don't care that there are 300+million consumers in this country, if I am looking at trends in the economy, I need to be aware of demographics.
 
#4,985
#4,985
Rasputin_Vol said:
Looked at Wikipedia and it said it originated in 1972. If the 18 year olds were its main target group in 1972, again, we're talking about Baby Boomers.

All of this stuff is driven by demographics. I don't care that there are 300+million consumers in this country, if I am looking at trends in the economy, I need to be aware of demographics.
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If I'm not mistaken, the first Ruby's was just off Cumberland Av, near Knoxville campus, the year I graduated from there.
 
#4,986
#4,986
1972 Grad said:
If I'm not mistaken, the first Ruby's was just off Cumberland Av, near Knoxville campus, the year I graduated from there.
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Yes. It's right above Stefano's. It was Charlie Peppers for a while. I don't know what, if anything, is in there now. There was a dispute about the kitchen exit needing to use the roof of the adjacent building.
 
#4,987
#4,987
Rasputin_Vol said:
Looked at Wikipedia and it said it originated in 1972. If the 18 year olds were its main target group in 1972, again, we're talking about Baby Boomers.

All of this stuff is driven by demographics. I don't care that there are 300+million consumers in this country, if I am looking at trends in the economy, I need to be aware of demographics.
Click to expand...

I didn't mean that they targeted just 18 year olds. But when they started, undergrads were all old enough to drink. Drinking age in TN went to 19 in 1979 and to 21 in the early 1980s. When they became more of a restaurant instead of a place to drink that has food they had to go head-to-head with the larger chains... especially Brinker and Darden/Pillsbury.

Ruby's was a nice, small concept. They grew too quickly after the 1982 World's Fair and turned into a cookie cutter fern bar chain. They've messed around with their menu too much. I don't think they even have a Knoxville restaurant anymore... just Maryville.

Millennials will be buying EVERYTHING that they consume from Amazon if the current trend continues. Whole Foods/Amazon will be feeding them.

Walmart needs to grow their health care. The current system is ****ed up. Too expensive and poor value. I don't know if Amazon can get into the HC space other than Pharma unless AMZN were to expand their footprint... but they could gobble up malls and department store space and do just that. They could become the Standard Oil/AT&T of the 21st century.
 
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#4,988
#4,988
How much of your total portfolio is in competition in dividends? This year I'm on track for about 5% of portfolio or to make in dividends
 
#4,992
#4,992
I think Best Buy is doing alright. I saw a story on TV where they're getting into connected homes... alarm systems and such.

Maybe the mauling of brick and mortar retail by Amazon is reaching it's peak. I saw that something like 70% of shoppers still prefer to go to stores for their stuff. Also some are partnering with AMZN. I think that Kohl's now accepts returns on behalf of Amazon. Plus Westown Mall is starting a major remodeling of that property (Simon Property Group iirc).

Amazon isn't going anywhere, but maybe much of the damage to physical stores is nearly complete. Mom and Pop operations may never be viable though.

Kroger is interesting, as are the big drug retailers. They were hammered by the Amazon threat. But Kroger is also being pressured by a couple of German companies that are invading their space... Aldies and another that I forgot the name. Trader Joe's is owned by Aldies BTW. CVS and Walgreen/Boots might be worth an investment.
 
#4,994
#4,994
It might be a good time to invest in or trade Target, Kohl's, Macy, Party City, Kroger, CVS, Walmart... wouldn't touch Sears though. They seem to be in a death spiral.

CVS is also one of the Big 3 in pharmacy benefits management with UNH and ExpressScripts. I'm surprised that they haven't pulled back more. They're profitable and have a nice dividend yield, although I've not looked up their dividend coverage.
 
#4,995
#4,995
SpaceCoastVol said:
BBY is earning $3/share. What makes you think they are in trouble?
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They're well run too. They're still packed during holidays.

I'm thinking really hard about buying CVS. Even if AMZN gets into Rx, when you're sick you need your prescription filled today, not tomorrow and AMZN isn't landing drones at every address yet. Plus if they do go big into meds they still might use the existing PBMs.
 
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#4,996
#4,996
Thunder Good-Oil said:
I think Best Buy is doing alright. I saw a story on TV where they're getting into connected homes... alarm systems and such.

Maybe the mauling of brick and mortar retail by Amazon is reaching it's peak. I saw that something like 70% of shoppers still prefer to go to stores for their stuff. Also some are partnering with AMZN. I think that Kohl's now accepts returns on behalf of Amazon. Plus Westown Mall is starting a major remodeling of that property (Simon Property Group iirc).

Amazon isn't going anywhere, but maybe much of the damage to physical stores is nearly complete. Mom and Pop operations may never be viable though.

Kroger is interesting, as are the big drug retailers. They were hammered by the Amazon threat. But Kroger is also being pressured by a couple of German companies that are invading their space... Aldies and another that I forgot the name. Trader Joe's is owned by Aldies BTW. CVS and Walgreen/Boots might be worth an investment.
Click to expand...

Something like 10% of purchases are online purchases. When are we going to blame these things on the economy instead of Amazon?
 
#4,997
#4,997
Orange_Crush said:
Something like 10% of purchases are online purchases. When are we going to blame these things on the economy instead of Amazon?
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Blame? Not sure what you are getting at.

I think it is really sad that JC Penny and Sears are folding up (basically) I grew up with those companies, and they were always there. But my wife said something that I thought was pretty observant the other day. She noticed that it seems that Sears is going back to it's origins as a mail order company. It is just that now , the mail is instantaneous.

"The times they are a changin'" or maybe "The more things change the more they stay the same"
 
#4,998
#4,998
SpaceCoastVol said:
Blame? Not sure what you are getting at.

I think it is really sad that JC Penny and Sears are folding up (basically) I grew up with those companies, and they were always there. But my wife said something that I thought was pretty observant the other day. She noticed that it seems that Sears is going back to it's origins as a mail order company. It is just that now , the mail is instantaneous.

"The times they are a changin'" or maybe "The more things change the more they stay the same"
Click to expand...

What I mean by that is that the economy is in horrible condition, we're in a fake recovery, retail is in horrible condition.

To cover the "fakeness" of the recovery, we're told that retail (brick and mortar) are going bankrupt and closing because people are spending their money online.

Well, only ~10% of purchases are spent online.
 
#4,999
#4,999
Thunder Good-Oil said:
I think Best Buy is doing alright. I saw a story on TV where they're getting into connected homes... alarm systems and such.

Maybe the mauling of brick and mortar retail by Amazon is reaching it's peak. I saw that something like 70% of shoppers still prefer to go to stores for their stuff. Also some are partnering with AMZN. I think that Kohl's now accepts returns on behalf of Amazon. Plus Westown Mall is starting a major remodeling of that property (Simon Property Group iirc).

Amazon isn't going anywhere, but maybe much of the damage to physical stores is nearly complete. Mom and Pop operations may never be viable though.

Kroger is interesting, as are the big drug retailers. They were hammered by the Amazon threat. But Kroger is also being pressured by a couple of German companies that are invading their space... Aldies and another that I forgot the name. Trader Joe's is owned by Aldies BTW. CVS and Walgreen/Boots might be worth an investment.
Click to expand...

Specifically the brick and mortar MP's or MP's in general? I agree on the former but disagree on the later. If anything, the internet/Amazon allows MP's to flourish.
 
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