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Thread: Crappy Tire's Financial State

  1. #71
    Posted by an unregistered user CT Me / Lawguy's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    CT wannabe millionaire douche bag wants to compare wallet size now. Last time I looked there's a big red giant coming up this way. Better put on your US A game before you get stepped on lol. Oh never mind, look who I'm talking too lol. Better to short this stock.
    wannabe millionaire? LOL I guess that little report that clearly spells out an average of $600,000 profit PER YEAR wasn't enough to convince you? haha you ask for proof, you got proof. Still can't accept it... not my problem

    Last time I looked.... in the 90's there were two giants coming from the United States....Walmart and Home Depot, both with much bigger product overlap to ours then Target. Still here, still in business, still adding stores, still making profit EVERY quarter. What more proof do you need?

    See you in 2013 and beyond!

  2. #72
    Posted by an unregistered user Guest-0276's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    wannabe millionaire? LOL I guess that little report that clearly spells out an average of $600,000 profit PER YEAR wasn't enough to convince you? haha you ask for proof, you got proof. Still can't accept it... not my problem

    Last time I looked.... in the 90's there were two giants coming from the United States....Walmart and Home Depot, both with much bigger product overlap to ours then Target. Still here, still in business, still adding stores, still making profit EVERY quarter. What more proof do you need?

    See you in 2013 and beyond!
    Did douchebag wannabe millionaire just lie yet again or forget about the most recent quarter when profit and revenue were down almost 14%? Or how about that 500 million lower valuation from the start of the year, or the DBRS downgrade a few weeks ago? What's that you're only a returns desk moron standing infront of your dealer papa
    !?!? Then shut the fuck up.

  3. #73
    Posted by an unregistered user CT Me / Lawguy's Avatar
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    Question Re: Crappy Tire's Financial State

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

    1) profit and revenue are two seperate figures, don't confuse them
    2) examine the expenditures in the quarter and see where the money went.... you might change your tune
    3) you're aware of the difference between stores and corporation i assume since you're such an expert?! What the Corporation is reporting has nothing to do with my personal bottom line. So your wannabe millionaire comment followed by corporate stats means ZERO!!!!!!!!!

    I care about corporate performance, it affects us all long term, but I also can't have an impact on it. I can control my store and only my store. I have instilled my trust and confidence in the Board of Directors...and in turn they have in me. So far i'd say they and I have performed quite well. Approaching my 41st Birthday and could retire if I wanted lol

    My Dealer papa? lol Returns desk clerk? lol
    Hey if my dad had the wealth that i've been fortunate to obtain at this age, i'd probably have retired already on his dime LOL

  4. #74

    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    9-5 working for the man gettin ya down?
    It's very ironic that the Crappy People spend so much time ridiculing their main demographic - the very people upon whom they depend for their very survival.

    That might help explain why your year-over-year retail revenues are down.

    Nice job, Crappy Tire! Way to alienate your primary customers!

  5. #75
    Posted by an unregistered user Angry CT Guy's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    It's very ironic that the Crappy People spend so much time ridiculing their main demographic - the very people upon whom they depend for their very survival.

    That might help explain why your year-over-year retail revenues are down.

    Nice job, Crappy Tire! Way to alienate your primary customers!
    I like how faker advocate thinks his opinion is gospel and everyone elses must be lies, or better yet, just plain wrong.
    That's why he is irrelevant and a faker.
    Think you can make it in business? Get some balls and chase the wealth. We've all heard that you can't get rich working for someone else.....want to call that a lie too?
    Tsk, Tsk faker advocate.

  6. #76
    Posted by an unregistered user Guest-0276's Avatar
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    Re: Crappy Tire's Financial State

    Slo poke CT douche bag trying to pull the wool over the consumers eyes again. Let's pull apart your lies again ..

    Quote Originally Posted by Unregistered View Post
    whoa what's wrong big fella? 9-5 working for the man gettin ya down?

    1) profit and revenue are two seperate figures, don't confuse them
    Consumer advocates have been quoting the papers for weeks now, with two falling figures for both and with all kinds of links provided. No confusion there. It's you and your colleagues who keep on claiming Profit Profit Profit when the financial statements show differently. Or, more than likely you don't like what it shows and changing the criteria once again to the individual store because it suits you better. Wouldn't that be funny accounting on your part? Sure, let's break some rules only because it works better for you. Where else have we seen that kinda funny business? At the returns desk and the garage maybe?

    Quote Originally Posted by Unregistered View Post
    2) examine the expenditures in the quarter and see where the money went.... you might change your tune
    where's the missing 600 million that we keep asking you?

    Quote Originally Posted by Unregistered View Post
    3) you're aware of the difference between stores and corporation i assume since you're such an expert?! What the Corporation is reporting has nothing to do with my personal bottom line. ...

    I care about corporate performance, it affects us all long term, but I also can't have an impact on it. Approaching my 41st Birthday and could retire if I wanted lol
    Douchebag talking out of both sides of the mouth again. I don't have to be an expert of your store to know you're full of shit. You don't have an impact on the corporation and then you say the corporation doesn't have an impact on you? That doesn't sound right. So if you went bust from an act of god like you and your store falls into a cesspool, the corporation wouldn't be adding the markups from your store to their total? dum de dum dum. So much for that lie.


    Quote Originally Posted by Unregistered View Post
    My Dealer papa? lol Returns desk clerk? lol
    Hey if my dad had the wealth that i've been fortunate to obtain at this age, i'd probably have retired already on his dime LOL
    Oh you think you've made it now? LOL Hilarious. What now? You're Wannabe millionaire now? We'll see if you'll be singing the same tune once corporate plans go south. It's happened twice already.

  7. #77
    Posted by an unregistered user CT Me / Lawguy's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    Slo poke CT douche bag trying to pull the wool over the consumers eyes again. Let's pull apart your lies again ..
    sure i'll play along

    Consumer advocates have been quoting the papers for weeks now, with two falling figures for both and with all kinds of links provided. No confusion there. It's you and your colleagues who keep on claiming Profit Profit Profit when the financial statements show differently. Or, more than likely you don't like what it shows and changing the criteria once again to the individual store because it suits you better. Wouldn't that be funny accounting on your part? Sure, let's break some rules only because it works better for you. Where else have we seen that kinda funny business? At the returns desk and the garage maybe?
    Yes the financial statements show profit. $105 million last quarter to be precise. That's a lot of money now matter how you slice it! Profits fell on spending for the Forzani purchase and a slow start to the seasonal business. read it for yourself. Retail sales across the chain (all arms of the business) were up 5.1%. CTR (yes that's Canadian Tire, not Marks, not petroleum, not Partsource...just sales under the red triangle) up 1.9%

    So where's the second lower figure you're referring to?
    profits down at the corp on Forzani buy, retail sales up across the board.

    Canadian Tire Corporation, Limited


    where's the missing 600 million that we keep asking you?

    [\quote]
    I am not an accountant for the Corporation, I do not know the answer to that. In fact i'm not even sure where your figure of $600 million missing comes from. As near as I can tell you're comparing the debt figure at end of fiscal year 2010 to current 2011 number which has a $1billion dollar difference. Again i'm not accountant but it could be as simple as winter inventory and christmas inventory, which is typically higher in value leading into the last segments of the year, then would be on hand at different times of the year, Christmas being the busiest time. All that inventory is on hand at the Corporation now, so they paid money to the vendors, but not yet shipped to stores, and therefore not paid for by stores. Don't assume you know the story based on a figure.
    I don't know the whole story either, but I do know there's a lot more to accounting then just a figure at any given time during the year! What I do know is the Forzani purchase was $500 million cash on hand, balance in short term debt. the earlier claims that we borrowed a billion to make a $780 million dollar purchase is 100% false.


    Douchebag talking out of both sides of the mouth again. I don't have to be an expert of your store to know you're full of shit. You don't have an impact on the corporation and then you say the corporation doesn't have an impact on you? That doesn't sound right. So if you went bust from an act of god like you and your store falls into a cesspool, the corporation wouldn't be adding the markups from your store to their total? dum de dum dum. So much for that lie.
    Don't change my words. I didn't say the corporation doesn't have an impact on me, I said that what they report financially in a quarter doesn't have an impact on my bottom line. I don't have an impact on them, as I am not on the Board of Directors and as such do not get a vote in expenditures or acquisitions.

    Oh you think you've made it now? LOL Hilarious. What now? You're Wannabe millionaire now? We'll see if you'll be singing the same tune once corporate plans go south. It's happened twice already.
    Read the report. The facts and figures you're all so strong in requesting from us dealers were kindly provided for you by an outside, independant, no vested interest in CT source. That magic number is an average of $600,000 per year profit. Some higher, some lower. Doesn't take long to become a millionaire with those numbers. That creates a pretty big bankroll for 480 guys across Canada!! Slice that number up a few ways. collectively we earn well over $250 million / year! I will stand by my claim that Canadian Tire is the best franchise operation in Canada, if not North America. I can't think of any National franchises with that kind of financial success. If you can provide one, i'd love to see it!

    Corporate plans go South happened twice? Back to your only line of defence...failed expansion 3 decades ago. I was 11 when that happened LOL 11 years old!! Only a handful of existing dealers would have been around in those days. It's such a dead point. Since then we've made several successful expansions and acquisitions and thrived despite two US retail powerhouses coming to Canada, both of which had/have much larger product overlap to Canadian Tire then Target. I think we will be just fine and i'll still be singing the same tune.

    Go back to the Simoniz thread, it's much more in your league then financials and millions!

  8. #78

    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    sure i'll play along

    Yes the financial statements show profit. $105 million last quarter to be precise.
    You don't know what your are talking about.

    First of all, the profit you quoted included Petrolium and Marks, finance, etc. for a total of 2,570.9 million.

    Somehow you forgot to mention that margins decreased, due to loan losses.

    Retail revenue was down, as was sales per square foot.

    Sure, $105.8 million in net income (not $105, as you wrote), is a lot of money, but it's a drop of 13.9% from last year, due in part from lower sales. Sorry!

    Not sure why you are linking to some news story, when your own quarterly report shows more of the story.

    http://corp.canadiantire.ca/EN/Inves...TC_2011_Q2.pdf

    Are you just not capable of reading it??

    It's entertaining that you are not even aware of the missing $600 million, let alone the loan of $1 billion for this so-called "cash only" sale, LOL!

    Now, CT's been down-graded. Nice job!

    Quote Originally Posted by Unregistered View Post
    Go back to the Simoniz thread, it's much more in your league then financials and millions!
    That comment looks pretty stupid right now.

  9. #79
    Posted by an unregistered user CT Me / Lawguy's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    You don't know what your are talking about.

    First of all, the profit you quoted included Petrolium and Marks, finance, etc. for a total of 2,570.9 million.

    Somehow you forgot to mention that margins decreased, due to loan losses.

    Retail revenue was down, as was sales per square foot.

    Sure, $105.8 million in net income (not $105, as you wrote), is a lot of money, but it's a drop of 13.9% from last year, due in part from lower sales. Sorry!

    Not sure why you are linking to some news story, when your own quarterly report shows more of the story.

    http://corp.canadiantire.ca/EN/Inves...TC_2011_Q2.pdf

    Are you just not capable of reading it??

    It's entertaining that you are not even aware of the missing $600 million, let alone the loan of $1 billion for this so-called "cash only" sale, LOL!

    Now, CT's been down-graded. Nice job!



    That comment looks pretty stupid right now.


    Scroll down to page 8 of the report you linked...which is the same report i linked. Retail sales by banner.
    CTR is up 1.9% - Comp stores sales (same store sales) up 0.9%

    My quick glance does not indicate a $1billion loan. Please provide where you are obtaining this information, especially considering it clearly states $500million cash on hand used to purchase Forzani.

    Also, in regards to my point, debt does not necessarily mean loans. For example, look at this statement shown in the quarterly report

    "Trade and other receivables increased primarily due to the timing of collections of Dealer accounts
    receivable as a result of the banks being closed on the Canada Day holiday (Friday July 1st),
    impacting normal cash collection processes which usually occur on Fridays. In addition, there was an
    increase in shipments in the last two weeks of the second quarter versus Q2 2010.
    Trade and other payables increased due to the delay of payments made to vendors as a result of the
    postal disruption, foreign exchange hedge contracts and employee deferred compensation expense
    (as a result of an increase in the Company’s share price versus the prior year)."

    **
    Summary
    1) weird calendar landed a major collections day from Dealers to Corp in the third quarter, not the second.
    2) more inventory shipped in 2011 last two weeks of the quarter vs. 2010
    3) payables (money owed) to vendors increased due to postal strike.
    4) forzani purchase = expenses

    Come on man get with the program. You can't take a single accounting line in a quarter and make a snap judgement.

  10. #80
    Posted by an unregistered user Guest-0276's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    cash refund
    Quote Originally Posted by Unregistered View Post
    ...

    ....Go back to the Simoniz thread, it's much more in your league then financials and millions!
    Quote Originally Posted by Unregistered View Post
    ...
    Nothing but CT lies
    the truth comes out again. CT 41 year old wannabe millionaire can't read financials either. Now did somebody give him a badge and tell him he was a "special millionaire"
    bait and switch for store credit. ID required and private info put into their computer and need receipt for refunds and exchanges. Or they may threaten you with trespassing with security or the police if they change their minds on their own store policy
    Why even show up at all to their gun fight when all they do is shoot each other in the foot?

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