Let The Pillaging Begin
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As one analyst put it, “Target didn’t just miss their quarterly numbers by a little, they missed them by A Lot!” That caused not only shares of Target stock to crater, it took the whole market with them. When the day’s bloodbath ended, hundreds of billions of net worth was gone. Our friends on the Left probably snickered that it serves the fat cat capitalists right. A little of their own medicine. They don’t understand (or care) that the losses come largely from IRA’s and 401K’s. Millions of hard working Americans, already buckling under the rising costs for food and fuel are now forced to watch their retirement savings shrink.
Two questions come to mind. First, how could this be happening to such a wonderfully woke and socially conscious company like Target? They were among the vanguard to open whatever rest room those patrons struggling with their sexual identities chose to use. Parents of small children be damned. When one of their stores was sacked and burned by mostly peaceful protesters following the death of George Floyd, they did the courageous thing. They turned the other check, pledging millions to BLM and other Social Justice causes.
Management got a shot of feel-good endorphins. Shareholders got the bill.
Why would their customers turn on such an elite virtue signaler? Don’t they know who the good guys are? Perhaps their patrons aren’t as cosmopolitan as management has led shareholders to believe? Maybe many mothers have doubts about genitaled males in their daughters’ bathrooms or the financing and force-feeding of leftist dogmas. Could certain demographics be voting with their dollars?
The second question dovetails with the first. Why were the suits on Wall Street so surprised by the bad retail numbers? Are they so divorced from economic reality? Can they be unaware of what real Americans are dealing with every day? Maybe the Wall Street big boys have figured out how to hedge the volatility of the market so that they win whichever way it moves. Or perhaps they are getting generous commissions regardless of whether the schmucks are buying or selling.
For the rest:
“Cry havoc and let slip the DOGE of war!”
Warning: I post things that interest me. Read and comment at your own discretion.
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And in other news, Fox News Corp is down 25% for the year.
"Why would their
customersviewers turn on such an elite virtue signaler? Don’t they know who the good guys are? Perhaps their patrons aren’t as cosmopolitan as management has led shareholders to believe?" LOL -
Target lost 24%, in a day.
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I'd humbly suggest that this has little to do with wokeness.
I know, it's Townhall. Still....
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Oh, it's mostly the economy, but Target was hurt by the bathroom statement.
Make no mistake.
“Cry havoc and let slip the DOGE of war!”
Warning: I post things that interest me. Read and comment at your own discretion.
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@Jolly said in Let The Pillaging Begin:
Oh, it's mostly the economy, but Target was hurt by the bathroom statement.
Make no mistake.
Hmmm. That statement Target made about bathrooms is from 2016. I dont think that most people shop based on that.
Some, but a pretty very small percentage.
I remember talking on this forum board about a sporting good store that stopped selling guns, and how this would hurt them. Stock price has doubled since then.
For mostly, people shop with their wallets, not with their morals.
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@Jolly said in Let The Pillaging Begin:
Oh, it's mostly the economy, but Target was hurt by the bathroom statement.
Make no mistake.
Not this week, they weren't.
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Same thing that inspired you to be a dick?
Woke up one morning and thought that would be a good thing to do...
