It's official, Walmart just tossed away $3.3 billion to buy jet.com

Discussion in 'Wall St. News' started by S2007S, Aug 8, 2016.

  1. RRY16

    RRY16

    Competitor groceries except for Southwest??? What is going on?
     
    #11     Aug 8, 2016
    Clubber Lang likes this.
  2. noddyboy

    noddyboy

    You are talking about running a business...they are thinking of trading a bubble.
     
    #12     Aug 9, 2016
  3. Southwest is the only one to make consistent profit...Spirit has the highest revenue per passenger or something but they're roiling in cash with low gas prices and those fee's they've tacked on in the past year. As for stewardesses, I was in NYC, for work, at the end of June, and flew out of JFK, and let me tell you those U.A.E. stewardesses still dress like that and put the US one's to shame. We're just an old and obese bunch!haha This pilot, was like that scene out of "Catch Me if You Can", where DiCaprio was walking with them in a group.
     
    #13     Aug 9, 2016
  4. WTF are you babbling about?
     
    #14     Aug 9, 2016
  5. Jamie J.

    Jamie J.

    Quite possibly. In any case, I'll keep an eye on this news. I wonder whether it will bring some good earnings.
     
    #15     Aug 9, 2016
  6. S2007S

    S2007S

    Funny how Walmart a company in retail business for decades can't develop their own system for even a few hundred million, but go out and purchase a worthless no making money 1 year old company for $3 billion dollars...

    The only ones that made out in this deal are Goldman Sachs and the other investors in this company...they are laughing all the way to the bank....only a fool would touch that company...
     
    #16     Aug 9, 2016
  7. S2007S

    S2007S

    Has anyone here tried jet.com?

    I have never used it but have spent a good amount of time price comparing the goods on the site vs in the store and there is no savings at all.....most items are priced the same as they are in the store or higher ...

    Here are a few

    Cereal: grapenuts: in store about $3.79 on sale you can buy it for $3.00.


    Jet.com price $4.68
    https://jet.com/product/Post-Grape-Nuts-205-Ounce/e9a131296f914d1cbb8f14be28fd7f43




    Gallon of Poland spring water at the store $1.10

    Jet.com 1 gallon (pack of 6)
    A Fu$king rip off $35.27 or $5.88 EACH!!!!!!!!

    https://jet.com/product/Poland-Spri...on-Pack-of-6/cf36afb761594c818167e64170e29946


    Peanut butter Skippy all natural: can buy this in most stores for $2.50 ...on sale 2 for $4

    Jet.com price:$2.54

    https://jet.com/product/Skippy-Natu...runchy-15-Oz/6ab7d6dbae144d51b8c1121ecf48fbf4

    Where are the savings?????


    All a gimmick and the dumb foolish consumer falls for it.....
     
    #17     Aug 9, 2016
  8. noddyboy

    noddyboy

    I tried it.
    Yes they suck.
    But there is no trade here as far as I can see. Sorry.
    Jet.com is private - can't trade it.
    OK WMT is smart or dumb. Maybe they will use this hype to issue stock when WMT rallies. Or maybe they just lost $3bn or 1% of their market cap. I am not buying but not shorting it. Why short for 1%? They pay 3% dividend, and so if you are a few months early, they already made that 1%.
    There are far better shorts of companies that have no earnings and will get into bankruptcy.

    If you just like to point out who are fools, but not trades, you are no better than NineEnder.
     
    #18     Aug 9, 2016