Wolseley may put Stock Building Supply on sale block

MsXemployee wrote:

Has anyone heard about the Coleman's in the Carolina's?? They still up and running??

D Noonan wrote:

Any news from or about Tania? Has she ever been on 'Cops?"

fergyjockey wrote:

Word from my friends at the new WBS is that this was an 11th hour transaction. And if this is so doesn't it make you wonder why BIP didn't want to take on this transaction alone? Does this look like a ready to liquidate to them also? Just asking for advice from Old Emp and D Noonan. If LT is involved you know it's going to go bad somewhere. I have a feeling that they will smell the glove.

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Dales CFC mustache wrote:

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What are you doing on this blog. My mustache is now out of control and Waynes mullet is getting almost too long to be called a mullet. Get back to our personal grooming and clean your trailer while you are at it. Oh, did that rash go away with the cream that you bought with your small severance package. Carolina is fine and sending in record numbers. All is well for that CFC. Probably because you are not there tracking failure around the place.

On second thought wrote:

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After reading the HCN article, I come to find out that BIP is involved. One of the partners is Lonnie Schield - a stand-up individual whom I respect. He is a former builder with a customer perspective. Sad that they chose LT to involve - that will probably end up being their largest error, but as for the principals at BIP, they are top-notch.

the new King wrote:

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Charlotte is billing 25% of what they were 2 years ago...record numbers my ass...Raleigh is doing better but still 50% of their numbers a year or two ago...but only going down as they have now lost 6 builders to the new King and more to come

Old Emp wrote:

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I read the other article and it sounds like these guys have the right idea on how to run these yards. Run them as an independent local operation with the buying power of a large operation. Do whats right for their customers locally, forget the national builders, and provide service. I don't know enough about LT but I am sure that if asked he would tell you he was following orders and that he would have changed many things if he could. I think they are taking the right approach its just a matter of whether they make it happen.

Crownhilldigger wrote:

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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?

FRED wrote:

<quoted text> That should have been the way since the beginning, CORP HAS NO CLUE ON LOCAL PREFERENCES, corp always wanted to change how local builders operated, push them to using something knew, use GE credit cards, trying to force thier hand, thats what napolean always did, try to tell them how to run thier business, napolean always knew best, HE did a fine job at LJ'S, CHURCH'S and at MACOMB, NAPOLEAN RAN THEM ALL INTO THE GROUND NOW HE'S PART OF THIS NEW PURCHASE, good luck to all, He also had paid severence's twice,to 4 different individuals twice what a concept

fergyjockey wrote:

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Tell me more about this Napolean. If it's the same person at the location that one of my buddies works at, he sounds like a winner. From what I hear he's doing nothing to increase business outside of trying to blow more smoke up everyone's skirt.Is this the way he did business in MI? Wish business was better here at Ferguson so I could get my 2 buddies in so they don't have to put up with this crap anymore. One of my buddies told me that he's watching business fly to the old mom and pops and it's sad. Hope they still have jobs come the spring.

in it for long haul wrote:

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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

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FRED wrote:

<quoted text> That should have been the way since the beginning, CORP HAS NO CLUE ON LOCAL PREFERENCES, corp always wanted to change how local builders operated, push them to using something knew, use GE credit cards, trying to force thier hand, thats what napolean always did, try to tell them how to run thier business, napolean always knew best, HE did a fine job at LJ'S, CHURCH'S and at MACOMB, NAPOLEAN RAN THEM ALL INTO THE GROUND NOW HE'S PART OF THIS NEW PURCHASE, good luck to all, He also had paid severence's twice,to 4 different individuals twice what a concept

Old Emp wrote:

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If you ever read anything about Warren Buffet (not Jimmy Buffet)his main philosphy was to buy good companies, provide great economies of scale when it comes to purchasing, HR, working capital, and accounting but leave the actual operation in tact. On one of his interviews he said, "I buy good companies and simply ask the managers in what areas we can help." This means they trust the core business to manage itself in the local market or business environment while improving on the efficiencies of the back office. He also beleived in maintaining the local identity.....names, logos, and personnel.... Considering he is the second richest guy on the planet i think he knows a thing or two....(plus i have never heard of anything bad about the guy?)

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the new King wrote:

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Charlotte is billing 25% of what they were 2 years ago...record numbers my ass...Raleigh is doing better but still 50% of their numbers a year or two ago...but only going down as they have now lost 6 builders to the new King and more to come

Dales CFC mustache wrote:

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Dave, I suppose it is sooo much better at CTI. Good luck going down with that ship. And speaking of "going down", how's your wife?

Dales CFC mustache wrote:

<quoted text>
Dave, I suppose it is sooo much better at CTI. Good luck going down with that ship. And speaking of "going down", how's your wife?