Re: [CANSLIM] Too Much Building

From: Kent Norman <kent_norman@yahoo.com>
Subject: Re: [CANSLIM] Too Much Building
Date: Sun, 14 Jul 2002 09:47:32 -0700 (PDT)

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Does anyone remember the apartment building boom? I think it was in the
late '80s ? I remember driving past one project after another, Several
friends made the same comment to the effect of "I can't see why they
are still building when the can't fill the ones they already have".
Then I watched as several projects were boarded up and it took about 10
years for the demand to catch up.  

Now In the Dallas/Fort Worth area, we have a Wallgreens and Eckerd on
opposite corners similar to the way gas stations once were. Home Depot
and Lowes are playing a similar game. I have 3 HDs and 2 Lowes within
about a 6 mile radius. I went to the Lowes last night that is further
from my house just because it has fewer shoppers at the checkouts and I
don't have to wait in line.

Regards
Kent Norman

- --- Tom Worley <stkguru@bellsouth.net> wrote:
> I can comment on Miami (FL). Construction is still vibrant, even with
> unemployment over the national average. Roads continue to be ripped
> up, and already congested traffic further disrupted, as more and more
> fiber optic cable continues to be laid. A Home Depot is being built
> only about 4 miles from my home, will save me the longer trip to one
> about 9 miles or so away. Location seems to me ideal, lots of
> apartment and high value residential properties nearby.
> 
> ----- Original Message ----- 
> From: Alicia Lensing 
> To: canslim@lists.xmission.com 
> Sent: Sunday, July 14, 2002 11:04 AM
> Subject: Re: [CANSLIM] Too Much Building
> 
> 
> Gene:
> 
> I, too, notice this in Dallas,  and thought perhaps it was in part
> due to the ravages of the telecom corridor in Richardson.  However,
> just last evening, we entertained a guest from Miami, as well as one
> from NYC, and the subject of consumer spending arose.  I feel like
> the situation you mention is not confined to Dallas.  Perhaps all the
> refinane money has been spent, and shoppers are pulling in the reins.
> 
> Alicia
>   ----- Original Message ----- 
>   From: Gene Ricci 
>   To: canslim@lists.xmission.com 
>   Sent: Saturday, July 13, 2002 9:52 PM
>   Subject: [CANSLIM] Too Much Building
> 
> 
>   I've been looking around the Dallas area and all I see is opening
> of new stores and malls. Of course the old ones are empty. An example
> is COSTCO.... they have 2 stores about 7 miles apart and virtually
> brand new... both have more help than customers. Looks like to thirst
> for market share hasn't taken a back seat to profits. This 'glut'
> reminds of the gas station on every corner, not too long ago. Is it
> just Dallas or is this happening all over?
> 
>   Gene
> 

=====
Opportunities always look bigger going than coming.

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