Certainly true for shareholders - TGT just reported strong quarter that exceeded expectations.
Inflation is puffing a lot of bottom lines. You keep the goods under lock and key so that you need a personal shopper with you to gain any ground. You infuriate half or more of your customer base.
You’re going to lose. Huge. Stock was at $240 or so in 2022. It’s $125 today.
They’re now a zombie company, like Rite Aid, which is now bankrupt.
Walmart is actually telling the truth - they are noting stress on the consumer and tempering expectations.
Fuel prices are down for now (why? who knows?) but they are still $1.30 higher than 2020. Diesel is still stratospheric (lower grade of fuel, 33 percent more expensive than gasoline?)
The numbers coming out of FedGov are almost as phony as the ones coming from China, or any Chinese company. The revisions are massive, and always in the direction opposite of recovery.
And we can’t dive into further federal debt fast enough to please the clown car in DC (both sides of the aisle.)
Guess it’s time for all of us to go gay...join the winning side.