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If you shop at and like Market Basket, please read

Discussion in 'Off-Topic' started by Acme.Armament, Jul 15, 2013.

  1. mike01824

    mike01824 NES Member

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    Calling another store's shoppers cult like in the epic market basket thread... Pot meet kettle.
     
  2. RHJJ

    RHJJ

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  3. Spanz

    Spanz NES Member

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    was talking with someone who claimed to know some of the insiders, and she said ATD's offer was the only valid one on the table at this point. All this "Hannaford" stuff is a misdirection to keep the pressure off the board. She thought they would eventually cave and accept ATD's offer, like in a week or so.
     
  4. ntomsw

    ntomsw Banned

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    Why put it off? These people look like absolute ass hats, and everyone knows it.
     
  5. enbloc

    enbloc NES Life Member NES Member

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    Last edited: Jan 11, 2015
  6. yanici

    yanici NES Member

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    Not gonna quote the newspaper article. Now the S. side is claiming they offered to sell to T. last week but he refused. Can't say as I blame him though. Their offer to sell to him was contingent that he (T.) do his financing through them, with the S. side holding the paper and dictating the terms of interest and collateral to be held.

    Seems to me, that they want to bleed more money from T. in years to come. They had their golden goose that gave eggs continuously already but after killing it they want it back.
     
  7. Hellbound

    Hellbound

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    I'm going broke shopping at other stores and ordering out...
     
  8. Hoover

    Hoover

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    What happens to the board of directors when it's sold? They are all out of the money for serving on the board. That is a very easy lifting job. Only shareholder on the board is S but 5 of 7 were elected by S's side.
     
  9. Hoover

    Hoover

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    It's comical the S side thinks they can dictate anything here. They've lost, it's over. Amazing they just can't accept it yet.
     
  10. headednorth

    headednorth NES Member

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    A guy I know has a couple of sons who have worked at MB for years. He told me the other day Deval's wife is a lawyer for Artur S's side. I havent heard that before and it kind of sounded too good to be true. Did a bit of research and her firm has some involvement with MB. I would of thought that angle would of gotten more attention than it has.

    He's trying to play "champion of the little guy" while she's maintaining her 1% status by representing the rich and powerful.

    http://www.lowellsun.com/todayshead...ck-calls-market-basket-crisis-out-hand-offers
     
  11. The5thDentist

    The5thDentist NES Life Member NES Member

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    Oh my God. Did S's mother drop him when he was a baby or something? Give me an effing break. Yea, like anyone with half an ounce of common sense would take that deal.

    S's side probably also asked for a demand clause for immediate full payment if they choose to call in the note too.
     
    Last edited: Aug 10, 2014
  12. Hoover

    Hoover

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    They've been clueless since the start. The misread it completely, misread their power in this, issued statements and taken actions that were HORRIBLE PR wise and have been a day late and a dollar short the whole way. The BoD, S, etc. with their bank accounts and high paid consultants, etc. have been taken to the cleaners by the employees.
     
  13. silversquirrel

    silversquirrel NES Member

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    The entire S side are what are known as Parasites. And most likely a good portion of the Artie T side.
    They do not create or construct, repair, or serve, or otherwise contribute anything of actual substance.
    Like a Tick sucking blood on a dog.. what happens to the tick without the dog?

    Both sides are dug in now. Its trench warefare. pass the popcorn.
     
    1 person likes this.
  14. Spanz

    Spanz NES Member

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    from what I have seen about the history, the Arthur T side are no angels either![rofl]

    what you CAN say is that Arthur T is a very good manager, and knows how to get high quality work out of virtually every employee of the company.
     
  15. RHJJ

    RHJJ

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    I have never seen so many people get behind a man like the employees of MB. That is enough for me to believe in the cause.
     
    1 person likes this.
  16. DitchDigger

    DitchDigger NES Member

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    Family businesses most often go sleeveless to sleeveless in 3 generations.
     
  17. WatchCityCPA

    WatchCityCPA

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    Yeah - large number of supporters mean a lot.

    obama_rally1.jpg
     
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  18. ntomsw

    ntomsw Banned

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  19. Chet0729

    Chet0729

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    Not likely as the Demoulas family is not well liked in the grocery industry. Dirty dealings over the years have put them out of favor with the rest of the grocery industry. The other thing is if someone bought them they will want to run the stores their way, not the old MB way.
    Personally I dont think you will ever see the old MB back at this point, they obviously are not going to sell to ATD and i dont thing there is anyone who will carry forward his values.
     
  20. thelowendhz

    thelowendhz

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    I went to the Bellingham MB today with my wife to see how it looked and took some photos. Here is the dairy aisle, which is normally crazy:
    IMG_1284.jpg
    The entire front of the store. Only saw a handful of customers.
    IMG_1285.jpg
    Bread aisle
    IMG_1286.jpg
    Produce
    IMG_1287.jpg

    These were taken around 1:30 this afternoon.
     
    1 person likes this.
  21. ntomsw

    ntomsw Banned

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    Even if this gets settled soon, which I seriously doubt it will, it is going to take weeks for them to restock all of their 71 stores.
     
  22. NHCraigT

    NHCraigT NES Member

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    If it were to be settled, and the same management team was put in place, the stores would be fully stocked and operational in less than a week.

    That is why they were able to be so profitable = extreme efficiency.
     
  23. drgrant

    drgrant Moderator NES Member

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    Big difference between the welfare state/FSA and people risking their jobs to stick up for someone.

    -Mike
     
  24. In God We Trust

    In God We Trust

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    Hannafords in Lunnenberg was a madhouse today. Every register open and lines 4 deep at each one. I hope they sort this out soon.
     
  25. Hoover

    Hoover

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    But T's side of the family is the one that built the chain. The other side were along for the ride

    - - - Updated - - -

    The bellingham does do very good business. Maybe the BoD should take a ride and see what's going on.
     
  26. thelowendhz

    thelowendhz

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    It was really surprising. I have never shopped there with any regularity, but any day or time I've been there every register has been open with at least a few customers at each register. Today they had two registers open with no customers at them. Of the few employees that were there, only a couple seemed to be in dress code. One kid was walking around with a frozen pizza that he cooked somewhere. It was surreal.
     
  27. enbloc

    enbloc NES Life Member NES Member

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    Last edited: Jan 11, 2015
    1 person likes this.
  28. NHAtHeart

    NHAtHeart NES Member

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    One thing most people haven't chimed in on is the far reaching effects of MB being down and out.

    Others stores in the MB plaza's are suffering due to lack of MB customers
    Suppliers to MB stores, I imagine a lot of produce has rotted and severely damaged farmers/distributors
    Printers/advertising folks who are no longer producing the MB weekly ads
    Part time employees who have no hours, no income to spend on rent/laundry/groceries/gas etc.
    All the supporting businesses where the part time employees spend money

    Just to name a few...
     
  29. Nick Fury

    Nick Fury

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    Give it up. This is not a mathematical equation.
     
  30. Nick Fury

    Nick Fury

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    I was thinking this as I cut open a Hannafords onion that had a rotten core...
     

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