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Old 27th November 2008, 08:59   #21
DodgyAgent
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In the good old days Woolies had lots of open trays where you could buy screws and similar really low cost things individually. It was really exciting in them days. All the joy went out of life once they started packaging things in tens.

With the progress of travel one can now go up North for a cheap screw
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Old 27th November 2008, 09:46   #22
dwm009
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With the progress of travel one can now go up North for a cheap screw
Fnar fnar!
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Old 27th November 2008, 10:12   #23
ace00
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Can't really see that happening. Firstly they're still selling things that people want to buy, and secondly they're owned by a multi-billion pound private equity fund that's not going to let its investment collapse without a fight.
You should buy their preference shares then, they are paying a massive yield. No jest.
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Old 27th November 2008, 10:50   #24
swamp
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Boots should go next.
Can't really see that happening. Firstly they're still selling things that people want to buy, and secondly they're owned by a multi-billion pound private equity fund that's not going to let its investment collapse without a fight.
Boots is always packed, though they don't sell much you can't buy in a supermarket and a lot of their trade is sandwiches these days. Could also see them doing well when people decide they no longer want to spend £10 on a bar of soap in the 'boutique' cosmetics shop next door.
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Old 27th November 2008, 10:53   #25
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I worked for Woolies' IT dept in tragic Rochdale. Not terribly surprised they have bitten the dust, given that "shrinkage" (i.e. theft) was GIGANTIC across all stores and depots.
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Old 27th November 2008, 10:57   #26
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I worked for Woolies' IT dept in tragic Rochdale. Not terribly surprised they have bitten the dust, given that "shrinkage" (i.e. theft) was GIGANTIC across all stores and depots.
Oi!
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Old 27th November 2008, 11:06   #27
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I worked for Woolies' IT dept in tragic Rochdale. Not terribly surprised they have bitten the dust, given that "shrinkage" (i.e. theft) was GIGANTIC across all stores and depots.
But all they sold was old tat. A lot of next-to-nothing equals not much.
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Old 27th November 2008, 11:24   #28
Bob Dalek
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But all they sold was old tat. A lot of next-to-nothing equals not much.
I am unaware of any business that benefits from widespread theft.
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Old 27th November 2008, 11:30   #29
Mich the Tester
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Oi!
Don't try to deny that Rochdale's tragic. Nice countryside around there though.
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Old 27th November 2008, 12:40   #30
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Dont forget out the RSD and Lurgh !
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Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

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