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Toys"R"Us Withdraws IPO After Dismal Earnings
It seems equity markets at all-time highs, high-yield funding markets near all-time low yields, and supposed money on the sidelines flooding back into stocks are just not enough to provide cover for the latest IPO:
- *TOYS R US FILES TO WITHDRAW IPO :TOYS US
Not citing any specific reasons for the withdrawal, we suspect the weather and market conditions will be blamed as they just reported abysmal earnings of $239mm vs $343mm last year and sales down $155mm from last year (with Q4 comp sales -4.5% domestically and 5.4% international). Back to the drawing board for KKR and Bain to push this off to the next greater fool.
Via EDGAR:
The Registration Statement was filed in connection with the proposed initial public offering by Toys “R” Us, Inc. of its common stock, which Toys “R” Us, Inc. has determined not to pursue at this time.
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I tried to work at Toy R Us when I was in college. I didn't pass the drug test.
You should have applied at Trip Toys R Us.
IPOus interruptus
aka aristocratican roulette
Wait...earnings matter?!?!?! Somebody tell AMZN
When I spent some time in the USA a couple decades ago, one day was with a mom talking about going shopping there for her kids but for some reason she called it
We Be Toys
No need to go to Toys "R" Us when one can go to Walmart or Target and get everything else for the house while you're there. You can even go to the $Store and pick a fishnet stocking full of toys for $2.
As cool as the Star Wars Lego Millenium Falcon is...the average person cant pay $179.99 for it...
Thrift Store, Goodwill, Craigslist or just share toys. Toys Are Us.
It's called Spencers
It's called Spencers
Boris is try to join Russian Army but is cannot pass drug test. Must is drink two magnum but Boris is passed out after only drink one.
yeah... they just have to high of a standard for us...
http://www.youtube.com/watch?v=9OuhnhPLhNw&sns=em
In the meanwhile...
a burglar killed a woman who was waiting for the police...
a second plan flew into the twin towers because no figher jets where in the air...
a man died of a hart attack because the medics didn't come in time...
A house burnt to the ground because the fire brigade didn't come...
.. ... ...
Hey Boris, You weren't part of Putin's security detail in Durban were you?
http://www.dailymail.co.uk/news/article-2299961/Putins-armed-bodyguards-...
No, Boris is fail civil service examination, but funny story because Boris is once carry "nuclear suitcase" like Putin Security Detail. Boris is was custodial engineer at Chernobyl and must is evacuate quickly with all personal effects can fit in one bag.
Illegal Drug Deficiency Syndrome (IDDS) happens to the best.
I applied for police academy just to freak my dad out when I was a student :) I said I wanted to do something totally different :)
I had him going for a year untill he said: if that's what you wanne do...
than I said: HELL NO!!!! HAHAHAHA :)
A full year :)
lucky bastard
You have to worry about people who can work there all day unmedicated.
Cheap fucking crap, overpriced. I hope they go under.
You'd think the Vatican at the very least would have "vested" interest in keeping this place going.
who knew capital "sins" and cardinal "virtues" could get so confused
You can't always toy with investors.
But you can play with yourself.
FORWARD SOVIET!
... name one that doesn't....
WHY?!?!?!?!?
The biggest company on earth is also a toymaker!!! TOYSRUS COULD EASELY BE VALUED AT 400 maybe 500 BILLION DOLLAR!!!
THE STOCKMARKET LOVES PLASTIC CRAP AND THEY DON'T EVEN NEED TO GIVE A DIVIDEND!!!
They pay in plastic tiddlywinks is why.. :-)
Those plastic tiddlywinks always appriciating against the Dollar.
A giraffe can only stretch the numbers so far
I thought the only thing a kid wants these days is an E-Trade account
Drone Geoffrey's ass!
100% Bullish
Next up: Reverse IPO with Zynga.
For teh lulz, of course.
I tried to buy a toy at Toys R Us. Gave up after crossing the threshold of the door. Blaring music, rude staff, chuggers (charity muggers) on the way out and, frankly (but with respect to said man), a pile of cheap plastic cr&p on dispay everywhere. The business is doomed.
I had the exact same experience in the halls of congress
Quit toying with us :)
"Weather" ... "market conditions" ... this is starting to sound a lot like the old days of the Soviet Union, when some hiccup in central planning would embarrass the powers that were.
I'm picturing the PE guys wrapping their lips around this shit sandwich much Michele Bachmann. Gag on it!
the rich democrat gangstas will find it was bush's fault...damn him trying to make our racist vacationer in drone look bad
Fuck Toys R Us
Box of (strike anywhere) matches and a rubber band.
That's all you need to entertain any kid.
Add some black powder and I'm sold.
army men and a bb gun
lighter fluid and balsa wood fliers
a catholic dress code and girls who refuse to honor it
a Lego toy consisting of 10 pieces is like $50-of course half of that goes to royalties to yids like spielberg and lucas if it is a movie-themed set.
Just like Apple, Toys R Us has been running on its share of the $50 billion per year of unpaid mortage payments or "squatter's rent". Starting up the foreclosure machine again meant drying up that source of discretionary income. Oh those unintended consequences hey Mr. Bernanke.
Who needs fucking toys when you have an iPad.
Kids can't eat an iPad.
Not many vitamins in legos.
They *can* eat the tiny plastic pieces of the cheap Chinese crap toys at Toys R Us....
Cheap Chinese sweatshop toxic sludge-drawn plastic crap, planned obsolescence.
We be " Toys" and shit.
This co. peaked in the early 90.s and WS is trying to get the carcass off their books. They should ask how Barnes and Nobles is doing with their ploy..toy sales (lol). Notice at all of these retail chains you have to walk through a gauntlet of useless cra,,p to get to the checkout counter?
Toys R Us is in the same predicament that other retail is in. They have way, way overused "sales" to lure customers in. Toys R Us regularly has 1 day sales, 2 day sales and the like.
People will not buy unless its on sale - people also realize that the sale price is likely all the item is worth in the first place (and so does the store). Toys R Us sells board games (sorry, monopoly) for like $25.00 - its a piece of cardboard with a few pieces of plastic - its not worth 25 bucks. So people wait for sales to buy stuff - hence the missed earnings.
No different than Guitar Center - every weekend is "mondo blowout prices" ... why would anyone shop there during the week?
All retail is falling into this same trap. The internet has made it much easier to price compare so now the only tool they have left is putting crap on sale to be the cheapest for a few days. There is very little brand loyalty - no one cares if you buy the cheap crap china toy from Toys R Us, Target, Walmart - whoever has it the cheapest will get the sale.
Welcome to run-off mode now that the private equity boys are discouraged.
I blame the people for not having enough kids and not buying enough cheap toys from China.
Can't you see? The banks and corporations depend on you to breed like rabbits and spend all of your money.
Get to it!
Toys R Us should sell stun guns for infants .... to go on their tricycle handlebars .... and on their stroller trays .... so 13 month old babies .... can defend themselves ! They could change their name: Hi-Tek 4 Tots ! Sell higher margin electronics .... board games = bored games !
Y U No Buy Guy?
Everybody sing along now:
"Where have all the Muppets gone,
Long time passing,
Where have all the Muppets gone,
Long time ago....."
ToysRUs, Best Buy, Radio Shack, Sears, have one important item in common. They will all go Poof!! No More. And just what we need, more empty retail space. Gotta be something bullish about that somehow.
psst! try calpers, they'll buy anything
This kind of market darling outfit has a simple business model: import cheap plastic crap from China, display it in expensively lit and designed retail stores and set sky-high sales prices...
...all now in an economy in which I'm deciding whether we can afford to eat out once a month and spend a lot of my time picking up refundable beer cans and scrounging firewood for next winter, the better to avoid sky-high electricity and gas prices...
There's more and more like me all the time. Return-Free-Risk'R'Us...
Good for nothing but showrooming, same as any physical retailer selling hard goods these days.
more insanity. A) the toy business may be the only business shittier than the airline business. B) This company has already gone bankrupt at least once. Now they want an IPO. Perfect. Just perfect. Maybe the market actually found someone who said no. "I already gave it all to Facebook"