Help Save Market Basket!!!

Bigstan · 08-06-2014, 10:54 AM

Quote:

Originally Posted by dave603

The problem with that is, that money was slated to open new stores, some that were being built and some already built. They didn't open them. check into the new building in Waltham Ma. it's built and not opened, and has been for some time, so it has nothing to do with the current situation, they took the money instead of opening the stores.

I can look out my window and see that building - it is far from ready. There are a thousand reasons that (and other) construction in the area have been slowed down or stopped. It took them two years to open a Panera down the road for similar reasons.

As for the developer of that site - they are proceeding regardless ( http://1265main.wordpress.com/ ).

In their current state they will not be moving in anywhere anytime soon, agreed. There are certainly contractual obligations involved and I am sure they will have to adhere to them. But if the status quo doesn't change you should not be worrying about new stores, you should be worrying about there being any stores.

dpg · 08-06-2014, 12:03 PM

Quote:

Originally Posted by Bigstan

I can look out my window and see that building - it is far from ready. There are a thousand reasons that (and other) construction in the area have been slowed down or stopped. It took them two years to open a Panera down the road for similar reasons.

As for the developer of that site - they are proceeding regardless ( http://1265main.wordpress.com/ ).

In their current state they will not be moving in anywhere anytime soon, agreed. There are certainly contractual obligations involved and I am sure they will have to adhere to them. But if the status quo doesn't change you should not be worrying about new stores, you should be worrying about there being any stores.

Waltham is no where near ready inside, I live 8 or 9 miles down the street. It's not sitting ready to open (yet.) Maybe I'm wrong but I've always heard late fall 2014. IF that's true it seems to be on track.

dave603 · 08-06-2014, 01:26 PM

http://www.bostonglobe.com/business/...RJJ/story.html

SIKSUKR · 08-06-2014, 02:29 PM

That pretty much says it all. What the heck is the BOD's mindset right now? What a mess.

fatlazyless · 08-06-2014, 05:33 PM

...just drove past the proposed MB site in Plymouth and saw Artie T and Artie S together, shaking hands and both holding up a large gold shovel together, posing for the camera, as they broke ground at the new Plymouth NH Market Basket ...... scheduled to open on Halloween-2015 ..... trick or treat

!

AB_Monterey · 08-06-2014, 11:14 PM

My understanding was that the company is debt free.

The AS side wants to take on debt to pay themselves hefty bonuses.

This is NOT a case of cash on hand that needs to be distributed.

That seems like a poor business decision to me. That debt will need to be repaid and that money will come from somewhere.

08-06-2014, 01:26 PM	#3
dave603 Senior Member Join Date: Apr 2013 Location: Nashua/Winnisquam Posts: 282 Thanks: 106 Thanked 96 Times in 49 Posts	What about this then! http://www.bostonglobe.com/business/...RJJ/story.html

08-06-2014, 02:29 PM	#4
SIKSUKR Senior Member Join Date: Apr 2004 Posts: 5,075 Thanks: 215 Thanked 903 Times in 509 Posts	That pretty much says it all. What the heck is the BOD's mindset right now? What a mess. __________________ SIKSUKR

08-06-2014, 05:33 PM	#5
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,795 Blog Entries: 1 Thanks: 301 Thanked 1,024 Times in 745 Posts	...new Plymouth NH Market Basket! ...just drove past the proposed MB site in Plymouth and saw Artie T and Artie S together, shaking hands and both holding up a large gold shovel together, posing for the camera, as they broke ground at the new Plymouth NH Market Basket ...... scheduled to open on Halloween-2015 ..... trick or treat! __________________ ... down and out, liv'n that Walmart side of the lake!

08-06-2014, 11:14 PM	#6
AB_Monterey Senior Member Join Date: Aug 2008 Location: Alton Bay Posts: 293 Thanks: 86 Thanked 78 Times in 49 Posts	My understanding was that the company is debt free. The AS side wants to take on debt to pay themselves hefty bonuses. This is NOT a case of cash on hand that needs to be distributed. That seems like a poor business decision to me. That debt will need to be repaid and that money will come from somewhere. Last edited by AB_Monterey; 08-07-2014 at 08:40 AM.