Re: [CANSLIM] Too Much Building


From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] Too Much Building
Date: Tue, 16 Jul 2002 09:42:15 -0700

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I wonder if all the building could be  in response to projected population
increases and wanting to get exposure more inexpensively then it will be in
the future.  I watched a special on the Panama Canal the other night.  When
it was built it costs 351 million dollars.  Equivalent to billions and
billions now.
- ----- Original Message -----
From: "Winston Little" <wlittle1@peoplepc.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, July 16, 2002 8:47 AM
Subject: Re: [CANSLIM] Too Much Building


> There have been a recent significant increase in the number of HD outlets
in
> Detroit. This occurred right after LOW  opened three stores in the area.
> However, my observations is that fewer stores with more check out CASHIERS
> in each would have better served HD.
> It is rare that more than two or three cash registers are in operation.
Yet,
> each line often has about ten customers waiting to pay for goods. Each of
> the lines has someone in it with enough goods to build a small house, or
> items without price tag (adding to delay). Result is an unwelcome time to
> get out of the store, especially if one just has one or two items.
>
> My rhetorical question:
> Was the HD decision to build more stores a reaction to the long lines
> (instead of adding cashiers) or to try to overwhelm any effect that the
> arrival of LOW might have in the market?
>
> ----- Original Message -----
> From: "Duke Miller" <dukemill@tampabay.rr.com>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, July 16, 2002 11:19 AM
> Subject: RE: [CANSLIM] Too Much Building
>
>
> > We had a similar situation here in Florida shortly after Disney World
> > opened in Orlando, mid-70's.  Hotels up the wazoo.  Many went under and
> > took some S&L's with them.  The cause of the problem was simple:  ALL of
> > them did their pro forma business plans on the SAME day!!
> >
> > -----Original Message-----
> > From: owner-canslim@lists.xmission.com
> > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kent Norman
> > Sent: Sunday, July 14, 2002 12:48 PM
> > To: canslim@lists.xmission.com
> > Subject: Re: [CANSLIM] Too Much Building
> >
> >
> > 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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> >
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