Crappy Tire's Financial State

Faker advocate seems to be stomping his feet again.

He just hates facts and challenges to his opinions

Pretty clear he has "issues" .....hopefully some professionals can help him.

Unregistered said:

Faker advocate seems to be stomping his feet again.

He just hates facts and challenges to his opinions

Pretty clear he has "issues" .....hopefully some professionals can help him.

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Boy, Angry CT Guy sure does get mad, when the failings of his beloved company are exposed.

I see nothing concrete was posted - just some random insults.

Basically a confession that everything the consumers have written is correct.

Thanks for the confimation!

Unregistered said:

whoa what's wrong big fella? 9-5 working for the man gettin ya down?

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LOL. Hilarious. Most people get their 9 - 5 start from somewhere including you. Since you're trashing the 9 - 5 segment you must also be trashing the people who put in longer hours too. Tell me, any of you Billionaires? Surely you all must be doing better than Jobs, Gates, Li, Watsa, Thompson, Buffet and Zuckerberg with a statement like that. What's that? None of you are billionaires or pretty close to B? None of you are on the rich list huh? None of you are known for great accomplishments outside your crappy retail store? Then surely you must have a great skill set that's of great importance to society like that of pediatric cardiovascular surgeon. No to that too eh. Then Shut The Fuck Up.

Unregistered said:

LOL. Hilarious. Most people get their 9 - 5 start from somewhere including you. Since you're trashing the 9 - 5 segment you must also be trashing the people who put in longer hours too. Tell me, any of you Billionaires? Surely you all must be doing better than Jobs, Gates, Li, Watsa, Thompson, Buffet and Zuckerberg with a statement like that. What's that? None of you are billionaires or pretty close to B? None of you are on the rich list huh? None of you are known for great accomplishments outside your crappy retail store? Then surely you must have a great skill set that's of great importance to society like that of pediatric cardiovascular surgeon. No to that too eh. Then Shut The Fuck Up.

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Most of my customers are 9-5 regular working folk, keeping a family and a house.... the "american dream" kind of folks. I will NEVER slight anyone for making a living at whatver they choose to do, where they choose to do it or why..... UNLESS they behave like you do calling us liars about our businesses and how we've chosen to make a living, and a damn good living at that. You've called us liars from day one about the wealth that we have been afforded by taking the risks we have taken. So you get back what you dish out! Want to have a respectful discussion, absolutely. Want to call me a millionaire wannabe liar, be prepared to hear something back!

To my knowledge there are no billionaires in the crew. We are retailers at the end of the day, we are not Canada's elite. we own businesses to serve local communities. I don't arrive to work in a limo, I mow my lawn, grocery shop and play beer league hockey with the guys.
As far as outside accomplishments, I think you'd be surprised what Canadian Tire and our Dealers do contribute and do accomplish. I'm confident if I were to list some of them here you'd just say we were making the donation for our own gain and "fame" - which is why i won't bother. We've been down that path before on here. we donate and participate for the purpose of allowing others to benefit who may not be as fortunate as we are.

We chose the career path to own businesses for many different reasons. Same as a cardiovascular surgeon did for his or her own reasons. I don't do science and biology, they don't do economics.... so the point you're trying to make seems rather lost on me. Have i saved a life? No. Would I want a dying or sick person to have me as their prime source of care....no lol There are trained professionals for that. I'm not one of them. However we have and do have ex lawyers and medical professionals who have changed paths and joined Canadian Tire dealers....just fYI.
Anyways the point being, we are retailers. So i haven't performed life saving anything. I have saved many flooded basements by providing sump pumps, many cold powerless winter nights with generators, plumbing fittings on a busted pipe... and then the fun stuff like a kid who gets his first pair of ice skates or the college kid putting their first dorm room together. I do my job to make those things happen, the truck driver does his job to bring those things to my store, the factory worker does his job to make those things...and the surgeon does his! We all make the world go round, not just doctors.

Lets talk about what's wrong with the country we live in. It's certainly not us, the doers, the achievers, yes millionaires who want to be richer. The builders of empires, the oxygen of life to those high school drop outs,to the forever lazy east coast "workers" who sit on their ass most of the year and only work enough to get welfare.

All you 9 to 5 ers are mostly lazy union whiner cry babies. You want more without willing to sacrifice savings and years to succeed. All you do is ask for more government hand outs, cry poor me, and expect others to lift your fat ass off the welfare couch. You do the same with your minimum wage jobs too. Don't think that I don't notice you're gone again for another smoke break 10 minutes after you've had one or that your buddy punchs in for you when you're late and was just "helping out in the stock room". Too bad the cameras tell a different story. Don't think that we don't know that you're cheating the system. And what do we get for this sacrifice? More people whining and complaining about things that they break and try and return. Week after week same old people at the store and others trying to borrow and return. Halloween is coming up. We'll be seeing those same faces on Nov 1 trying to return halloween items. The same one's who will show up on boxing day with xmas trees and lights trying to rip us off.

Why don't you help get off your union mentality and try to better yourselves? We've all seen the news and saw that horrible bus crash haven't we. We'll see plenty more of that in years to come.

Just look at those union TTC slobs who put lives in danger and are too lazy to use the bathroom like everyone else.

TTC chair apologizes for worker's public washroom break | Toronto & GTA | News | Toronto Sun

TTC driver in fatal crash probed for pot | Toronto & GTA | News | Toronto Sun

for those who don't believe me about the TTC. There. In your face.

Unregistered said:

Lets talk about what's wrong with the country we live in.

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Some of these Angry Crappy People sure have hostility issues.

And they don't just hate their own customers and employees, either.

It's pretty much everybody in the whole country they hate.

And it seems to get worse when people point out how much Crappy Tire sucks.

Keep up the good work, fellow consumers!

Interesting article:

Canadian Tire credit rating downgraded to BBB - Winnipeg Free Press

This "all cash" deal, to buy Forzani for $765 million?

It involved Crappy Tire assuming Forzani's debt. Along with transaction costs, that increased Crappy Tire's debt from $2.3 billion to $3.3 billion.

What isn't clear is how that extra $1 billion in debt breaks down, between "transaction costs" and "assumed debt".

Either way, Crappy Tire paid $1.765 billion to buy a company they say is only worth $0.765 billion.

Great move, Crappy Tire!

Unregistered said:

Interesting article:

Canadian Tire credit rating downgraded to BBB - Winnipeg Free Press

This "all cash" deal, to buy Forzani for $765 million?

It involved Crappy Tire assuming Forzani's debt. Along with transaction costs, that increased Crappy Tire's debt from $2.3 billion to $3.3 billion.

What isn't clear is how that extra $1 billion in debt breaks down, between "transaction costs" and "assumed debt".

Either way, Crappy Tire paid $1.765 billion to buy a company they say is only worth $0.765 billion.

Great move, Crappy Tire!

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I guess faker advocate is more knowledgeable than financial analysts, bankers, shareholders and the general population.

After you're done picking yourself off the floor with laughter, remember that any wacko can post here and booze filled rants aren't facts....and faker advocate doesn't like that one little bit

Unregistered said:

I guess faker advocate is more knowledgeable than financial analysts, bankers, shareholders and the general population.

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Please remember: Don't 'feed' the Angry CT Troll! See https://www.canadiantiresucks.net/g...at/798-stupid-terms-used-site-2.html#post6081

Unregistered said:

Either way, Crappy Tire paid $1.765 billion to buy a company they say is only worth $0.765 billion.

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I'm sure Crappy Tire will figure out a way to make up the billion.

Don't expect any extra generosity at the returns counter for a while!

http://ca.news.yahoo.com/canadian-tire’s-baffling-strategy-to-sell-you-everything.html

Welcome to reality faker advocates, welcome to reality.

Funny how Angry CT Guy would choose THIS story as evidence that their store DOESN'T suck!

"not a very welcoming place"

"Prospective shoppers are greeted by a queue of frazzled-looking customers ... at the service counter"

"aisle after cluttered aisle"

"inventory—none of it particularly cheap and none of it terribly aspirational either"

"Customer service, meanwhile, varies wildly from store to store"

"years of grappling with flat sales and a questionable effort to try to attract more women to its stores"

For their e-store, "executives pulled the plug on a previous attempt in 2009—an experiment that Wetmore recently described as ill-conceived"

For automotive sales, "its reputation among consumers in the category slipping well behind competitors"

"a rather limited inventory and a staff that aren’t generally known for their customer service" (no surprise there, LOL!)

"Canadian Tire is bound to be hurt when “cheap chic” retailer Target arrives next year"

"Where Canadian Tire is at risk is that they are often very close to a Zellers" (which may become a Target store).

"Their customers did not accept them as a major home decor player"

"If it sounds like a chain that’s trying to appeal to everybody simultaneously—usually a bad business strategy—that’s because it is"


Oh, yeah! I'm so TOTALLY convinced now that they DON'T suck! LMAO!

Funny how YOU read the article vs. what it actually says.
You conveniently missed some of these parts of the article

"Newer stores, located in towns and cities across the country, are brighter and more airy"
"Yet somehow, Canadian Tire remains standing, earning profits of $453 million on $10.3 billion in retail sales last year, which was up three per cent from a year earlier "

"People have been calling for Canadian Tire to fold under the pressure of new competitors for 20 years, and it hasn’t happened yet,” says Jim Danahy, the chief executive of CustomerLAB, a retail consulting firm. “They seem to have a unique relationship with their customers.”

"Retail experts say it’s a mixture of familiarity and convenience coupled with a methodical approach. “It’s bad in theory and great in practice,”

"By far, the biggest move this year was Canadian Tire’s $771-million purchase of sports retailer Forzani Group Ltd., which solidified the company’s position in the sporting goods market while giving it a pipeline to a younger demographic of Canadians who are more likely to shop at malls"

"They accept them as good for paint, good for small appliances, the most basic of lamps and cheap furniture.” He likens Canadian Tire’s business model to a drugstore’s, with its racks of impulse purchase items, but for dads. They go in to buy a doorknob and walk out with a new winter driving mat and a pair of shears. He also argues that Canadian Tire has managed to find a sweet spot in the do-it-yourself market that exists just below Home Depot (where you might go if you’re refinishing the bathroom) and the local hardware store. “They are a DIY retailer, but for very small day projects,” Danahy says. “Instead of building the deck, Canadian Tire is going to sell you the high-pressure washer to clean the deck.”

"Canadian Tire will need to stay on its toes as its territory is further invaded by big U.S. retailers. But despite its sometimes ungainly appearance, there’s no reason to think the inverted orange triangle and green maple leaf will disappear from the Canadian landscape anytime soon. It may never be a chic proposition. But neither is weatherproofing windows or fixing a clogged toilet"

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Now re-read the article. The writers position is clear. Despite some challenges, competition and some failed strategies, Canadian Tire is here to stay.
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Nice try though

Wow - It sure sounds like this place sucks!

Glad I don't shop there any more!

CTH8R said:

Funny how Angry CT Guy would choose THIS story as evidence that their store DOESN'T suck!

"not a very welcoming place"

"Prospective shoppers are greeted by a queue of frazzled-looking customers ... at the service counter"

"aisle after cluttered aisle"

"inventory—none of it particularly cheap and none of it terribly aspirational either"

"Customer service, meanwhile, varies wildly from store to store"

"years of grappling with flat sales and a questionable effort to try to attract more women to its stores"

For their e-store, "executives pulled the plug on a previous attempt in 2009—an experiment that Wetmore recently described as ill-conceived"

For automotive sales, "its reputation among consumers in the category slipping well behind competitors"

"a rather limited inventory and a staff that aren’t generally known for their customer service" (no surprise there, LOL!)

"Canadian Tire is bound to be hurt when “cheap chic” retailer Target arrives next year"

"Where Canadian Tire is at risk is that they are often very close to a Zellers" (which may become a Target store).

"Their customers did not accept them as a major home decor player"

"If it sounds like a chain that’s trying to appeal to everybody simultaneously—usually a bad business strategy—that’s because it is"


Oh, yeah! I'm so TOTALLY convinced now that they DON'T suck! LMAO!

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Tsk tsk ...

Mild winter no fun for Canadian Tire - The Globe and Mail

If they hadn't bought a store that actually had a good business model (but with a bus-load of debt!), they'd really be in trouble!

Did you ever read the article or just stop at the title?

"The 2011 acquisition of Forzani will mean earnings are UP year over year.
He adds that receivables growth is expected to remain modest, but earnings should climb based on lower write-offs and improved yield.

Upside: Mr. Petrie is maintaining his “sector outperformer” rating and a price target of $72 (Canadian). "

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Sector outperform with a raised target (oh that's terrible)
Earnings climb (oh no.... sinking ship)
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So in a winter with virtually no snow, and no winter temperatures coast to coast, we will have raised earnings and a target stock price $8.00 higher then current price. -

What exactly was your point in posting that article?

Along with the down-grades to the Crappy People's claims about their battery warranties, we now have a prediction of a down-grade to the Crappy Profits.

Keith Howlett, an analyst at Desjardins Securities, has reduced his profit estimate to $5.32 a share from $5.50 in 2011 and to $6.15 from $6.25 in 2012.

Warmer winds cooling retail sales - The Globe and Mail

Gee, maybe buying a second company that is also ties to the same sales environment (the sale of seasonal items) wasn't the greatest idea ever, LOL!

Great financial analysis, well done

did you read the business news this week?

Owner 1 said:

did you read the business news this week?

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Personally, no, I didn't see anything.

Another thing I didn't see was your definition of what "the best warranty in the business" means, for car batteries.

I also somehow missed all the data you said you had that "proves" Crappy Tire has "the best warranty" among every single battery retailer in all of Canada.

Care to re-post it now?

Oh, wait, you never did post it in the first place, now did you?

Still waiting!