Still think TITNC3: Return of the Iceberg was peak

98tacoma27 · Sep 22, 2021

TreeFortRichard said: ↑

$SFOR..
again..
Shhhhh....
Click to expand...

...and here comes the dump

scottstrong89 · Sep 22, 2021

DOGE rocketing on the RH wallet news.

CrippledHo · Sep 22, 2021

98tacoma27 said: ↑

...and here comes the dump
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you shut your whore mouth

98tacoma27 · Sep 22, 2021

scottstrong89 said: ↑

DOGE rocketing on the RH wallet news.
Click to expand...

You mean I might actually own my DOGE now?

CrippledHo · Sep 22, 2021

ENZC is taking off! Finally!

98tacoma27 · Sep 22, 2021

CrippledHo said: ↑

you shut your whore mouth
Click to expand...

Iwilltaco · Sep 22, 2021

scottstrong89 said: ↑

DOGE rocketing on the RH wallet news.
Click to expand...

If that’s a rocket, it was built by ASTRA

98tacoma27 · Sep 22, 2021

Iwilltaco said: ↑

If that’s a rocket, it was built by ASTRA
Click to expand...

It's the meds talking

TreeFortRichard · Sep 22, 2021

$FDX off today on their staggering report on the jobs market and their inability to fill positions at any price. People won't work...they prefer to sit at home even for 50% of the money offered...

FedEx just painted a disturbing picture of the job market

Brian Sozzi
·Anchor, Editor-at-Large
Wed, September 22, 2021, 12:04 PM·3 min read
In this article:
Do a read through of the disappointing earnings report out of FedEx on Tuesday night and you get the sense non-farm payrolls reports for the rest of 2021 may surprise economists to the downside.

The problem (one that may be getting worse, per FedEx)? Finding humans to accept jobs in a very tight labor market even at higher rates than what the specific job would have paid months ago.

"The impact of constrained labor markets remains the biggest issue facing our business as with many other companies around the world and was the key driver of our lower than expected results in the first quarter," FedEx COO Raj Subramaniam told analysts on an earnings call.

FedEx (FDX) said its quarterly results were drilled by $450 million due to labor shortages alone, notably at its ground segment. The company estimated a shocking 600,000 packages across the FedEx network are being rerouted because of the inability to find labor.

Those processing bottlenecks stand to wreak havoc on the holiday season if FedEx is unable to address the worker shortage, which increasingly appears unlikely.

To illustrate the point on its labor challenges, FedEx shared the current state of play at one of its facilities in Portland, Oregon.

A FedEx driver delivers a cart of packages, Thursday, May 6, 2021, in New York. FedEx is getting hurt by the tight job market. The package delivery company said Tuesday, Sept. 21 that its costs are up $450 million in the most recent quarter, as it paid higher wages as it got harder to find new workers and demand for shipping increased. (AP Photo/Mark Lennihan)
Explained Subramaniam, "Our Portland Oregon hub is running with approximately 65% of the staffing needed to handle its normal volume. This staffing shortage has a pronounced impact on the operations, which results in our teams diverting 25% of the volume that would normally flow through this hub because it simply cannot be processed efficiently to meet our service standards. And in this case the volume that diverted must be rerouted and process, which drives inefficiencies in our operations and in turn higher costs. These inefficiencies included adding Incremental linehaul and delivery routes, meaning more miles driven and higher use of third-party transportation to enable us to bypass Portland entirely. Now that's merely one example."
One example, that the Street is clearly concerned about, stands to morph into a litany of examples come the peak holiday-shipping season.

Shares of FedEx plunged 9% in Wednesday trading as investors digested the lackluster earnings day. Rival UPS also fell 2% in sympathy as traders braced for a similar warning from the company on its upcoming earnings day.

Not only did FedEx badly whiff on earnings estimates, but it slashed its full fiscal year profit outlook. FedEx now sees full-year earnings of $19.75 to $21 a share compared to $20.50 to $21.50. FedEx also warned that it's seeing a slowdown in e-commerce demand as people return to shopping at physical stores.

"While we were calibrated for higher ground expense from labor availability issues, the magnitude and related volume impact was greater than anticipated," said KeyBanc analyst Todd Fowler, who kept an Overweight rating (Buy rating equivalent) on FedEx shares.

The September employment report will be released on Oct. 8. If it disappoints, remember that FedEx telegraphed it in mid-September.
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TreeFortRichard · Sep 22, 2021

I also have a friend who knows a HIGH up buyer/supplier for a major depot for stuff for your home...Their christmas inventory is STILL stuck on ships in LA and might not be offloaded until MARCH!!!
It's supposed to arrive my sept 1 so they can stage the october roll out of all the christmas set ups...

TreeFortRichard · Sep 22, 2021

Also the alcohol industry is encountering glass shortages...it's very real.
Stock up...That's why I'm avoiding the $STZ dip...I usually play the cycle of dips and rises on the calls but not for now...
https://www.npr.org/2021/09/22/1039...covid-19-pennsylvania-virginia-ration-alcohol

Why Liquor Shortages Caused By The COVID-19 Pandemic Persist In Some States
Joe Hernandez Twitter
5-7 minutes

A patron stands in front of a shelf of wine bottles at The Liquor Store.Com in Brooklyn, N.Y., last March. Angela Weiss/AFP via Getty Images hide caption

toggle caption

Angela Weiss/AFP via Getty Images

A patron stands in front of a shelf of wine bottles at The Liquor Store.Com in Brooklyn, N.Y., last March.

Angela Weiss/AFP via Getty Images

A fair warning for your next trip to the liquor store: Several states across the U.S. are still experiencing booze shortages related to COVID-19, and it's unclear when supply will be able to meet demand.

Early in the pandemic, it was common to find libations low in stock after some liquor stores briefly closed amid statewide lockdowns and skyrocketing consumer demand for alcohol.

But continued reports of shortages from Vermont to New Jersey to Ohio persist more than a year later, and some states are rationing their liquor supply amid ongoing supply chain issues.

The Pennsylvania state board in charge of consumer liquor sales announced last week that it was limiting customers to two bottles of certain alcoholic beverages per day. The Pennsylvania Liquor Control Board said the purchase limit on select items — including Hennessy Cognac, Buffalo Trace bourbon and Patrón tequila — will be in place for the "foreseeable future."

Liquor store customers in North Carolina are encountering "out of stock" signs instead of their favorite spirits, local TV station WTVD reported, amid an ongoing supply shortage there, too.

"I don't think anybody saw the kind of demand that we're seeing right now — particularly in those high-end and super-premium products — coming," said David Ozgo, chief economist of the Distilled Spirits Council of the United States.

Why liquor is running low in many states
According to Ozgo and others, there are problems at nearly every step of the alcohol beverage supply chain.

Some producers are struggling to source glass bottles. The cost to import liquor from overseas has shot up because of price increases in international shipping. And actually delivering booze to bars, restaurants and other vendors has been hampered by a shortage of truck drivers.

"So all along the line, you almost have a compounding effect," Ozgo said, adding that some of these problems existed before the pandemic but grew worse over the past year.

Shawn Kelly, the spokesperson for the Pennsylvania liquor board, said some businesses are also having staffing issues.

But there is another big problem, one that occurs before any alcohol even touches the bottle.

Many liquors simply take a long time to make. Producers have to grow or buy the ingredients, distill the spirit, then let it age. That means producers must anticipate demand years in advance. They can't simply turn on the spigot when demand rises.

"You can't go back five years and retroactively plant more agave," Ozgo said of the plant used to make tequila. "It doesn't work that way."

The distiller Buffalo Trace, whose bourbon is currently limited to two bottles per day for customers in Pennsylvania, is undertaking a $1.2 billion expansion but says it will still be "a few years" before it can fully meet consumer demand.

"Buffalo Trace recognizes this is not the news its fans want to hear for the next few years but making great whiskey does take time and the Distillery is not prepared to cut quality corners to increase short term supply," the company said in a press release.

What it means for drinkers
The statewide policy change in Pennsylvania, which stems from the fact that its government controls the sale of spirits and operates all of the commonwealth's retail stores, affects millions of residents.

"[W]e believe the shortages are out of their control," Chuck Moran, executive director of the Pennsylvania Licensed Beverage and Tavern Association, said of the state board's decision.

The association represents small-business taverns and licensed restaurants. Moran says that while he understands there are supply chain issues, it's small businesses and customers who pay the price.

"Unfortunately, since taverns and licensed restaurants — as well as the general consumer who walks into a state liquor store — are at the tail end of the chain, it does have a negative impact."

In Virginia, another state where the government is in charge of alcohol sales,customers are only allowed to buy one bottle of certain liquors per day. Part of that is to make special edition booze available to more people, but state officials say it is also the result of skyrocketing demand during the pandemic.

Ozgo, with the Distilled Spirits Council, said that outside ofso-called "control states," it would be up to individual liquor stores to determine whether to limit the sale of certain products.
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98tacoma27 · Sep 22, 2021

TreeFortRichard said: ↑

Also the alcohol industry is encountering glass shortages...it's very real.
Stock up...That's why I'm avoiding the $STZ dip...I usually play the cycle of dips and rises on the calls but not for now...
https://www.npr.org/2021/09/22/1039...covid-19-pennsylvania-virginia-ration-alcohol
Click to expand...

mail order...FTW

MickDog13 · Sep 22, 2021

Iwilltaco said: ↑

If that’s a rocket, it was built by ASTRA
Click to expand...

least it wasn’t a Soviet rocket rud!

98tacoma27 · Sep 22, 2021

MickDog13 said: ↑

least it wasn’t a Soviet rocket rud!
Click to expand...

At least they go up!!!

MickDog13 · Sep 22, 2021

TreeFortRichard said: ↑

I also have a friend who knows a HIGH up buyer/supplier for a major depot for stuff for your home...Their christmas inventory is STILL stuck on ships in LA and might not be offloaded until MARCH!!!
It's supposed to arrive my sept 1 so they can stage the october roll out of all the christmas set ups...
Click to expand...

yup, it’s a good thing we don’t have pirate problems anymore.

saw some ridiculous numbers for ships stuck in port.

that’s probably where all the god damn PS5’s have been!

TreeFortRichard · Sep 22, 2021

MickDog13 said: ↑

yup, it’s a good thing we don’t have pirate problems anymore.

saw some ridiculous numbers for ships stuck in port.

that’s probably where all the god damn PS5’s have been!
Click to expand...

PS5 harbor cruise?
Dinner, sunset cruise...pick up a PS5?
$2g's?

scottstrong89 · Sep 22, 2021

Iwilltaco said: ↑

If that’s a rocket, it was built by ASTRA
Click to expand...

Rocket for DOGEs standards lately…

Iwilltaco · Sep 22, 2021

98tacoma27 said: ↑

At least they go up!!!
Click to expand...

Too soon

MickDog13 · Sep 22, 2021

98tacoma27 said: ↑

At least they go up!!!
Click to expand...

Russia has had some REALLY impressive rocket failures. Go down the Russian N1 rabbit hole if you dare.

TreeFortRichard · Sep 22, 2021

MickDog13 said: ↑

Russia has had some REALLY impressive rocket failures. Go down the Russian N1 rabbit hole if you dare.
Click to expand...

Rockets....

Nuclear power plants...
when you want to do things "your own way..."
sometimes not so good...

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Still think TITNC3: Return of the Iceberg was peak

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Still think TITNC3: Return of the Iceberg was peak

#44801 98tacoma27 is going full "SANDWICH" Moderator

#44802 scottstrong89 AhsokaTaco

#44803 CrippledHo I'm calling about your car's extended warranty

#44804 98tacoma27 is going full "SANDWICH" Moderator

#44805 CrippledHo I'm calling about your car's extended warranty

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#44809 TreeFortRichard Barcelona Red is the best red...

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#44811 TreeFortRichard Barcelona Red is the best red...

#44812 98tacoma27 is going full "SANDWICH" Moderator

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#44816 TreeFortRichard Barcelona Red is the best red...

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#44820 TreeFortRichard Barcelona Red is the best red...

Products Discussed in Entire Site Forum: Stocks & Investments Thread: Still think TITNC3: Return of the Iceberg was peak

#44801
98tacoma27 is going full "SANDWICH" Moderator

#44802
scottstrong89 AhsokaTaco

#44803
CrippledHo I'm calling about your car's extended warranty

#44804
98tacoma27 is going full "SANDWICH" Moderator

#44805
CrippledHo I'm calling about your car's extended warranty

#44806
98tacoma27 is going full "SANDWICH" Moderator

#44807
Iwilltaco Well-Known Member

#44808
98tacoma27 is going full "SANDWICH" Moderator

#44809
TreeFortRichard Barcelona Red is the best red...

#44810
TreeFortRichard Barcelona Red is the best red...

#44811
TreeFortRichard Barcelona Red is the best red...

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98tacoma27 is going full "SANDWICH" Moderator

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MickDog13 Well-Known Member

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98tacoma27 is going full "SANDWICH" Moderator

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MickDog13 Well-Known Member

#44816
TreeFortRichard Barcelona Red is the best red...

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scottstrong89 AhsokaTaco

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MickDog13 Well-Known Member

#44820
TreeFortRichard Barcelona Red is the best red...

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