Wolseley may put Stock Building Supply on sale block

Stock Vendor wrote:

Some people can't see the forest through the trees people. The point is that the remaining employees don't have the collective brain power to do business even once the economy recovers. The remaining employees have kissed the right persons ass or are so low cost as far as pay that the company can afford to keep them on to make it look like their still in business. I know fast food employees that are better paid than some stock people. The best horses are out of the barn and now have better jobs earning good pay. The management clowns have these poor people truly believing that they're valuable. What's really happening is that it allows Stock to operate at very low levels rather than shut it down. If things do recover, they'll have to pay for quality employees and those currently working will be kicked to the curb.

Stock Vendor wrote:

Some people can't see the forest through the trees people. The point is that the remaining employees don't have the collective brain power to do business even once the economy recovers. The remaining employees have kissed the right persons ass or are so low cost as far as pay that the company can afford to keep them on to make it look like their still in business. I know fast food employees that are better paid than some stock people. The best horses are out of the barn and now have better jobs earning good pay. The management clowns have these poor people truly believing that they're valuable. What's really happening is that it allows Stock to operate at very low levels rather than shut it down. If things do recover, they'll have to pay for quality employees and those currently working will be kicked to the curb.

Old Emp wrote:

Actually i have to say A WOOTEN is right in some respect. This mess is two fold. Yes its part of poor management and the subprime mess. Everyone benefited from the easy money of the housing bubble (homeowenrs, real estate investors, realtors, builders, suppliers, car manufacturers, home improvement companies, all the way up to the guys that developed the derivative and mortgage backed securities. When the market is good its real easy for a poor middle manager to hide in the weeds. Good managers show their metal in markets like this. This country as well as others just lent a lot of money to people that under normal circumstances would you would not lend $2 too. Now its crushed companies that borrowed the money to lend to them and the insurers that insured the loans. That simple! Its just such a large number and so prevelent that it has hurt all. No one is immune from this but i think its been exacerbated by poor overall management and lack of detail at the branch level. When business is slow the yard and warehouse should be spotless, the trucks clean, inventories minimal, and the best of the best running the business. SBS will just have to get back to the business of selling building materials at the branch level and being lumber yards and not just a MIT factory. That means everyones a saleperson, truck driver, or warehouseman.

LOAD BUILDING FOOL wrote:

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Even though I'm stuck in this too, I have to agree. When we were rollin and pushin sticks out to build homes for people who the lendor's and in most cases the builders knew couldn't afford them, I didn't give a crap. I worked overtime and got paid for it. NObody at stocks management level had to twist my arm. I took the mony staight to the bank baby, week after week. I've been doin this lunber thing for over 13 years and I'm still here givin the best damn customer service possible. Buildin 'em, loadin 'em dleiverin 'em and sometimes bringin back because sales screwdem up. As my dad used tosay "Stop yer bitchin and get back to work".
Thanks for lettin me vent.

Proud to be SBS wrote:

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Sounds like you didn't read what I wrote, Pro Build was the ONLY building supply company that went into their office to show them their cost!!!! Stock, BFS, 84 Lumber and other lumber companys did not want a customer to tell them what margins to sell at!!!!!! I know with pushing paper work in this market that Stock and BFS did allot with Centex in the past!!!!! When the market started to fall, they were one of the first builders to react first and requested to see cost. Pro Build in this market needed business and agreed to do what they asked and the other lumber markets wouldn't do it including Stock.. To answer your blog, we have sold them very much in the past here!!!!!!! But when they wanted us to show them cost and to let them tell us what they would pay for building supplies, we said NO!!!!!!!!!! If other building supply companys would have said, NO and we all stuck together we could have let the customer know that we can't be pushed around!!!!!!!!!

Judged:

1

LOAD BILDING FOOL wrote:

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Screw 84, just a bunch of wanna be SBS's

Proud to be SBS wrote:

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Hmmmm!!!!! a $1,000,000 a day, what company in their right mind would stay in business?????????? You may need to check your FACTS!!!!!!! Stock has already and will continue to look at what they can do to cut cost in this down market and if they are loosing $1,000,000 a day, I would say that they would have already shut the doors. I think that we will see other building supply companys, either lay off more employees or close stores, as we may have to do!!!!! Let's point out the hard times the other building supply companys have as well as us, any takers??????????

Proud to be SBS wrote:

Why is it that some people want to grade me on my spelling and language, I have read this blog and seen allot of mistakes in spelling and comments that don't make since and have not seen their blogs called out!!!!!!!!! I am happy to still be employed with SBS and don't agree with the people who have lost their jobs in this market, but know in the market conditions that these things have to happen to keep our doors open and to keep what associates we have, to stay here in a job..... Everyone doesn't and want discuss that BFS, 84 Lumber and Pro Build is doing the same in this market. Why is it that we only here about what SBS is having to do and not what the other Building Supply Company's are also having to do!!!!!!!!!! Pro Build closed a plant in Texas, BFS is closing stores in other markets and that 84 Lumber is close to shutting down..... I know this is a SBS Blog, but let's get real, the market conditions is hurting everyone in this type of business!!!!!!!!!! Go ahead and grade me on what I am writing, but know that what I am writing is FACT!!!!!!!! We know that we will have some news on Nov. 18th. and that I, as well as everyone with SBS, will be waiting to hear the NEWS!!!!!!!!!!

Proud to be SBS wrote:

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Hmmmm!!!!! a $1,000,000 a day, what company in their right mind would stay in business?????????? You may need to check your FACTS!!!!!!! Stock has already and will continue to look at what they can do to cut cost in this down market and if they are loosing $1,000,000 a day, I would say that they would have already shut the doors. I think that we will see other building supply companys, either lay off more employees or close stores, as we may have to do!!!!! Let's point out the hard times the other building supply companys have as well as us, any takers??????????

James wrote:

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You are not hearing about other building supply companies because they are not for sale. SBS may be sold. Other building supply companies loose money everyday also but not at the rate SBS is. Like I have said before the bigger they are the harder they fall. SBS has to much overhead to keep their head above water right now.

Old Emp wrote:

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Actually there have been a bunch that have been sold. Just look at Probuild and BFS..