PILOT SPIN
Spin Zone => Spin Zone => Topic started by: bflynn on April 26, 2016, 07:08:45 AM
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https://www.afa.net/action-alerts/sign-the-boycott-target-pledge/
As of Tuesday morning the total has reached almost 700,000 people who object to Target jumping into the bathroom fray. Now that is just under 1% of the estimated 100 million people who shop at Target annually but there are estimates that so far Target's misjudgment has already cost them over 100 million dollars and that it could top a half billion for the year.
I was in the local store yesterday and had a shopping list. I used the bathroom of my choice (that being the men's room) and proceeded to shop.
I could not find the first 4 items on my list
Florida oranges
No sugar added Klondike bars (any flavor)
Unfrosted strawberry pop tarts
A 21" round grill grate
Then soda was $5.96 / 12 pack of cans and I said forget it to the rest. Never mind the bathroom controversy, I'm not shopping there anymore because they flat out don't have what I want to buy! Walmart had everything on my list AND the soda was about 1/2 price. I'll deal with the depressing store and the Wal-martians.
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We have a Target almost right next door. I used to go there fairly often, because they are so close.
When they became all about open door bathrooms, it became way too easy to do a Nancy Reagan and Just Say No... more.
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(https://scontent.ftpa1-2.fna.fbcdn.net/v/t1.0-9/13043670_793368024132381_5255638275430058127_n.jpg?oh=b533d553d57274fe3520be362a906fe2&oe=57A315FC)
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I've never been a Target shopper. I go to Walmart for consumables, and stuff we use everyday. They are losing customers over this though, and if it affects their bottom line, then heads will roll.
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They are losing customers over this though, and if it affects their bottom line, then heads will roll.
Let's do the math. I've done this before but I think I messed it up.
The people signed on for the boycott is over 800,000 now and will almost certainly reach a million. There might be another million who don't bother to sign up, but let's just say 1 million and be conservative.
If each of those people would have spent just $100/month at Target ($25/week) then the cost is 100 million per month or 800 million this year. If it's only a million who are boycotting. That could be as high as 2 billion.
That makes it extremely relevant to shareholders since the Net Income available to shareholders is only 3.32 billion with an Earnings per share of $5.32/share. If it is 2 billion and all of that 2 billion falls to shareholders then the 1.32 Net Income generates just about $2.20/share EPS. At the best. If the 2 million people number is right, then Target swings from 5.32/share to about a $1.13 EPS loss.
I think the analysis of what the boycott could do hasn't gotten around wall street yet. Those are pretty significant losses and a pretty steep price to pay for sticking your nose into politics.
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Heard something humorous just now - Target said in their statatement that they wanted to be inclusive. They were so inclusive that now they're excluding 2 million customers in order to accommodate a few thousand for whom this was a problem.
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That makes it extremely relevant to shareholders since the Net Income available to shareholders is only 3.32 billion with an Earnings per share of $5.32/share. If it is 2 billion and all of that 2 billion falls to shareholders then the 1.32 Net Income generates just about $2.20/share EPS. At the best. If the 2 million people number is right, then Target swings from 5.32/share to about a $1.13 EPS loss.
That's a bit aggressive in terms of impact.
If Target loses, say $1b in revenue, that doesn't translate to $1b in the bottom line. They will have a corresponding drop in the Cost-of-Goods-Sold line. I've not looked at their financials in any detail, but the critical factor would be what their gross margin is, and in retail, that tends to be quite thin.
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That's a bit aggressive in terms of impact.
If Target loses, say $1b in revenue, that doesn't translate to $1b in the bottom line. They will have a corresponding drop in the Cost-of-Goods-Sold line. I've not looked at their financials in any detail, but the critical factor would be what their gross margin is, and in retail, that tends to be quite thin.
Exactly. However, the board/stockholders don't look kindly at even a small reduction in GM.
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Exactly. However, the board/stockholders don't look kindly at even a small reduction in GM.
But, but, but...Social Justice!
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That's a bit aggressive in terms of impact.
If Target loses, say $1b in revenue, that doesn't translate to $1b in the bottom line. They will have a corresponding drop in the Cost-of-Goods-Sold line. I've not looked at their financials in any detail, but the critical factor would be what their gross margin is, and in retail, that tends to be quite thin.
That's fair. I was assuming that they would keep everything else the same, which of course they won't. In addition to the COGS impact, they will probably shift some other things around to try to play hide the pickle.
That's what I get for trying to do this off the top of my head. Should know better that you have to actually sit down and build the model.
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I like the solution proposed on the web site: A single-person, unisex rest room.
My favorite Sam's Club has one of these. Men's on the left, Women's on the right, single in the middle with the handicapped sign on it. I used it once when the men's was being cleaned by two women. It had one toilet, a sink, a baby changing station, and handicap bars. And a lock on the door.
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Chuck says it best
(http://)
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I like the solution proposed on the web site: A single-person, unisex rest room.
So restrooms that can handle multiple people at once will be replaced with single person restrooms? Those long lines at stadiums and other big events just octupled.
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So restrooms that can handle multiple people at once will be replaced with single person restrooms? Those long lines at stadiums and other big events just octupled.
So if they put in one or two additional single sex bathrooms, nobody would go to the multi-person restrooms any more? Or did you think he said REPLACE the big ones with little ones.
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I seldom, if ever, use the bathroom at Target, so I could give a flying fart about their bathroom policy. Its cleaner than the local Walmart and its more convenient to shop there.
So, yeah, I'll still go to Target and spend my $$ there.
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Since the announcement, Target revenue is down, and the stock price has lost 5% of its value. The board, and stockholders are NOT happy. Heads will roll.
The company’s stock was two cents shy of $84 on April 19, when it revealed it would not allow shoppers to use single-sex bathrooms or changing rooms. Instead, all rooms were opened up to anyone claiming to be of either sex. As of 4.00 p.m. Friday, the stock had dropped almost $4.50, down to $79.50.
That’s a huge loss of 5 percent in stock value, costing shareholders roughly $2.5 billion in company value.
http://www.breitbart.com/big-government/2016/04/29/targetstockreputationdropoverbathroom3738191/
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It's ridiculous that we are going out of our way (as a society) to accommodate the few all because it's the "popular" thing to do. Target is willing to risk alienating a large majority of its customer base in order to appease a minor subset. Ben Shapiro was on CNN a while back debating this issue, here's a clip of it and I think he's spot on:
https://www.youtube.com/watch?v=YgQy70_LPS4
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I used the bathroom of my choice (that being the men's room) and proceeded to shop.
Were you molested?
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Careful what you say......
"Catholic College Employee Investigated By Police For Saying There Are Only Two Genders"
http://www.dailywire.com/news/5338/catholic-college-employee-investigated-police-amanda-prestigiacomo
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Careful what you say......
"Catholic College Employee Investigated By Police For Saying There Are Only Two Genders"
http://www.dailywire.com/news/5338/catholic-college-employee-investigated-police-amanda-prestigiacomo
otoh - the science is settled. Homo Sapiens have 2 genders, male and female.
How inconvenient for some.
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Were you molested?
What's your point? Target is making a POLITICAL statement. They have made a choice to alienate 99.9999% of the population. If they had just not said anything this wouldn't be an issue. Now, they have opened Pandora's box, and are paying the price. GOOD!
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otoh - the science is settled. Homo Sapiens have 2 genders, male and female.
How inconvenient for some.
Ha ha ha
Eat that, Liberals!
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Careful what you say......
"Catholic College Employee Investigated By Police For Saying There Are Only Two Genders"
http://www.dailywire.com/news/5338/catholic-college-employee-investigated-police-amanda-prestigiacomo
My dad thought the world was going down the toilet when college kids were growing their hair long in the 1960s. Little did he know what was to come.
I think I'm seeing the swirling myself now.
While Catholic Schools and Universities accept all people of all faiths, there seems to be a need by the non-faithful students to excise the faith out of Catholic Schools.
At least back in the 1960s there was a spirit of "live and let live." Today the spirit seems to be "accept my perversions or die."
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At least back in the 1960s there was a spirit of "live and let live." Today the spirit seems to be "accept my perversions or die."
It's called FACSISM, and I am tired of it. The same people that protested against the government in the 60's are now pushing for big, centralized government solutions for everything.
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At least back in the 1960s there was a spirit of "live and let live." Today the spirit seems to be "accept my perversions or die."
That explains the riots. I always wondered about that. ::)
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That explains the riots. I always wondered about that. ::)
You never really get to the heart of any matter when you make such ludicrous posts.
The riots of the sixties were inevitable, as the ruling party was the democratic side of the aisle and they did everything in their power to make sure the Vietnam War (not a conflict, not a police action. It was WAR) went on as long as possible to enrich themselves and their crony defense manufacturers.
Young men were swept up like vermin, handed rifles and sent off to a shit hole in SE Asia, where they were kept busy bombing unoccupied hills and marching nowhere. The colleges were teeming with discontent because everyone with a brain could see it was a manufactured war that existed because Lyndon Johnson loved the profits.
When the young folks tries to take their party back from the Johnson and McNamara's of the world, Bobby Kennedy was conveniently assassinated by a Muslim, Martin Luther King was murdered, and of all people, George Wallace was shot by a crazy. hen you put those shooting together you got Richard Nixon and a war that seemed like it would never end.
The riots were inevitable but not for any of the reasons that the far left teaches about these days.
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You never really get to the heart of any matter when you make such ludicrous posts.
The riots of the sixties were inevitable, as the ruling party was the democratic side of the aisle and they did everything in their power to make sure the Vietnam War (not a conflict, not a police action. It was WAR) went on as long as possible to enrich themselves and their crony defense manufacturers.
Young men were swept up like vermin, handed rifles and sent off to a shit hole in SE Asia, where they were kept busy bombing unoccupied hills and marching nowhere. The colleges were teeming with discontent because everyone with a brain could see it was a manufactured war that existed because Lyndon Johnson loved the profits.
When the young folks tries to take their party back from the Johnson and McNamara's of the world, Bobby Kennedy was conveniently assassinated by a Muslim, Martin Luther King was murdered, and of all people, George Wallace was shot by a crazy. hen you put those shooting together you got Richard Nixon and a war that seemed like it would never end.
The riots were inevitable but not for any of the reasons that the far left teaches about these days.
Thank you for making my point in a somewhat more verbose manner.
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You wont find my wife and kids using the bathrooms at target. That basically keeps us away for good since my 7 year old girl always has to pee. Last thing I want to worry about is some pervert in the womens room next to my little girl. No common sense to all of this.
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You wont find my wife and kids using the bathrooms at target. That basically keeps us away for good since my 7 year old girl always has to pee. Last thing I want to worry about is some pervert in the womens room next to my little girl. No common sense to all of this.
I don't agree with allowing people in the "wrong" rest room.
If a business wishes to be open and inclusive, let them add a single stall restroom for those who choose it.
But I really don't get the hysteria. One argument against the open policy is that a tiny percentage of a fraction of the population is involved so it would be a huge burden to build additional bathrooms. But if the number of people is so tiny then why is everyone so upset? I am sure your wife and kids face larger dangers in their everyday life. Has anyone ever seen a women's room with open commodes where people can see you or you can see them? If you are worried about the perverts, which I imagine would be an even tinier percentage of a small fraction of the population, those perverts are going to exist elsewhere anyway.
Let's move on to bigger problems. Like beating Hillary.
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Let's move on to bigger problems. Like beating Hillary.
Agree, I think a lot of these issues are expanded upon by the media and are used as smoke screens, something to occupy the people and keep their eyes off the real problems. 1984.
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Agree, I think a lot of these issues are expanded upon by the media and are used as smoke screens, something to occupy the people and keep their eyes off the real problems. 1984.
That is it exactly. All these made up racial issues, gender issues, religious, social and economic justice. They are a distraction along with reality TV shows designed to occupy people.
Meanwhile, we have an economy that sucks, high unemployment, high inflation except for gasoline, etc.
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0.5% GDP growth, need we say more. :o
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0.5% GDP growth, need we say more. :o
And that will get revised DOWNWARD as always to perhaps 0% or negative. Obama has NEVER had a 3% GDP growth in almost eight years.
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And that will get revised DOWNWARD as always to perhaps 0% or negative. Obama has NEVER had a 3% GDP growth in almost eight years.
Bush's fault!! ;D
And your racist!! ::)