Wolseley may put Stock Building Supply on sale block

If Jeff C is back. Leave Stock. They let him go, then hire him back. No Hope!!!

I have RO that is 36x60. Do you have a window that will work?

nyy wrote:

guy c lee

Sounds like a sports team. I'll trade you Murphy a beer guzzler and a weather guy for a jeff c.

spare a dime wrote:

<quoted text>
Sounds like a sports team. I'll trade you Murphy a beer guzzler and a weather guy for a jeff c.

TW won't last long at Guy C Lee, neither will Murphy. CJ can't survive more than 10 minutes from a Hooters. This is a non event.

Crownhilldigger wrote:

<quoted text>
How much could you afford to lose?

A good bit, I have found gainful employment.

I know things wrote:

<quoted text>
A good bit, I have found gainful employment.

Cool lets bet big since you have the cash. I got some of Fenton and Gary's and I'd love to get some of yours.

Your call-how much?

ProBuild is just another in a long line of turd laying corporate chumps. It never ceases to amaze me at how reckless corporate management can be. It is always easier to experiment with other peoples money. Funny how all the owner run shops always seem to stick around and the Johnny come lately corporate whales are always beached a few years after they appear.

D Noonan wrote:

http://www.reuters.com/article /rbssTechMediaTelecomNews/idUS N0512528620091105
Turds begining to float at Probuild. Fidelity has been covering $58million a month in loses. I don't care who you are, you want to stop that, like right now.

Is there anyone who thinks SBS is going to make it? I see a lot of bad publicity here. Is there anything good to say about SBS? I am considering working for them and wondering if my choice is a good one.

Reality Check, I like your style. Probuild is going to smell the glove, and it's not going to be a pleasureable experience. Looking at their website and depth chart, it appears that they have approx. 650 Vice Presidents. Hmmm, I wonder if it took all 650 of them to decide to sell Thermoply $20 a thousand under cost??? That was a good one. I think their demise will be swift and blunt, that one day, the guy who's money they are shitting out all over the place will say...."I'm tired of this, make it go away"....and poof, they'll go away. At least that's how it happens in my fantasy, right before that slut Meghan Fox walks in and we jazz each other for hours on end.

They have been doing the same thing here. Selling below cost and running around telling everyone how much smarter they are than all the rest of us. Funny how reality always has a way of surfacing and hitting you in the head like a brick. I think Fidelity is getting real tired of propping up the collection losers that is PoorBuild.

Don't worry too much about Megan Fox, she doesn't have time for you as she's busy doing me out here for the rest of Winter.

D Noonan wrote:

Reality Check, I like your style. Probuild is going to smell the glove, and it's not going to be a pleasureable experience. Looking at their website and depth chart, it appears that they have approx. 650 Vice Presidents. Hmmm, I wonder if it took all 650 of them to decide to sell Thermoply $20 a thousand under cost??? That was a good one. I think their demise will be swift and blunt, that one day, the guy who's money they are shitting out all over the place will say...."I'm tired of this, make it go away"....and poof, they'll go away. At least that's how it happens in my fantasy, right before that slut Meghan Fox walks in and we jazz each other for hours on end.

Ok keep Meghan. I can always fall back on the original skanky slut, Gina Gershon.

Jim wrote:

Is there anyone who thinks SBS is going to make it? I see a lot of bad publicity here. Is there anything good to say about SBS? I am considering working for them and wondering if my choice is a good one.

Quit considering. They are not hiring.

D Noonan wrote:

http://www.reuters.com/article /rbssTechMediaTelecomNews/idUS N0512528620091105
Turds begining to float at Probuild. Fidelity has been covering $58million a month in loses. I don't care who you are, you want to stop that, like right now.

$345 million is a very impressive number.--"Fidelity's parent, FMR LLC, has spent $345 million over the past six months to cover losses at ProBuild, one of the largest U.S. building materials suppliers, which it built up at the height of the real estate bubble.
Under a recapitalization plan adopted in May, Fidelity could be on the hook for another $105 million through January 2010, according a confidential prospectus for a recent Fidelity debt offering obtained by Reuters."

Pro Build is the last biggie not in bankruptcy. They are loosing two million a day versus one million a day at the old SBS. Do the math. With all the short sales and foreclousers the banks are not releasing to the market this industry is gone for two to three years. How long can the nationwide builders continue to right off losses and screw the sharholders? Florida will not have a viable new housing construction industry for five years. Enjoy the new redistribution of wealth. GO GATORS

Mr Pink wrote:

<quoted text>Doubtful. Guy Lee can't support the business, and KM's following is a mile wide and an inch deep. Aside from a Hooter's in Clayton, there will be little impact. A swing and a miss for Guy C Lee.

don't under estimate the longing for the old carolina builders feeling from the customers which may i remind you are stll very loyal to the original gang

Cant buy business no more wrote:

<quoted text>
That would be a negative on at least one of the two.

you are right Ray would be a good re-hire

A friend and owner of a large Remax office here said there is in excess of 2-million foreclosures nation wide that are not yet on MLS. In addition to that he estimates at least 500-thousand more mortgages are "non performing" (has a nicer sound, kinda like deflection rather than sagging). The banks are just letting people sit rather than spend the 10-grand or so that each foreclosure costs in attorney fees as well as have to hold additional reserves. He is of the opinion that through next year they will continue to trickle the toxic waste on the MLS at a rate that will continue to keep prices climbing at a painfully slow rate. I guess that is a little better than if they dump them on the market.

As someone that has been in the industry 30-plus years I would guess that by second quarter some areas will be able to get back to trading dollars while the harder hit regions (like mine) will still mount losses through next year. I do however feel that even in Phoenix we will see some glimmer of hope by mid next year. While it is easy to get stuck in the gloom don't forget that even in this market there is a constant flow of new homeowners by way of population. Remember everybody was screwing everybody 20-years ago too. That generation is coming of age and the demand will continue to build and absorb. I do agree that it will be 2-3 years before we see a normal market.

I hear things wrote:

Pro Build is the last biggie not in bankruptcy. They are loosing two million a day versus one million a day at the old SBS. Do the math. With all the short sales and foreclousers the banks are not releasing to the market this industry is gone for two to three years. How long can the nationwide builders continue to right off losses and screw the sharholders? Florida will not have a viable new housing construction industry for five years. Enjoy the new redistribution of wealth. GO GATORS

From Random Lenghts Woodwire - Mergers and Acquisitions

Firm acquires former Stock regional operations

BlackEagle Partners, LLC, and Building Industry Partners, LLC, have sponsored a newly formed entity, US LBM Holdings, LLC, in partnership with L.T. Gibson, to acquire three regional operations from Stock Building Supply. The three markets include Wisconsin, Central New York, and Connecticut. US LBM will operate as a holding company, re-establishing the acquired operations as local, autonomous businesses under their former or independent trade names: Wisconsin Building Supply, Bellevue Builders Supply, and East Haven Builders Supply, respectively.- 11/10/2009

Smell the glove wrote:

From Random Lenghts Woodwire - Mergers and Acquisitions
Firm acquires former Stock regional operations
BlackEagle Partners, LLC, and Building Industry Partners, LLC, have sponsored a newly formed entity, US LBM Holdings, LLC, in partnership with L.T. Gibson, to acquire three regional operations from Stock Building Supply. The three markets include Wisconsin, Central New York, and Connecticut. US LBM will operate as a holding company, re-establishing the acquired operations as local, autonomous businesses under their former or independent trade names: Wisconsin Building Supply, Bellevue Builders Supply, and East Haven Builders Supply, respectively.- 11/10/2009

LT Gibson? Are you freaking kidding me?! He's in the top three of the leadership (Shorty and Joe-Joe Appy) that can really blow smoke up your skirt while they pick your pocket! I am convinced there is NO JUSTICE IN THIS WORLD if a createn like LT can come out smelling like a rose for all the pain he was part of causing!

Here's a little more info - http://www.homechannelnews.com/story.aspx...