|Moderated By: Smiling Bob -- (Moderated) -- Started: 7/19/2012 1:59:41 PM Revision History|
Five Below IPO'd todayAnother joke, Give it two years max. Either way, worth shorting asap
It will see single digits by February 2013
Priced at 17
Astounding 29.43 hod thanks to WS magic
It's not a discount store by any means, but WS has no problem marketing it like one.
It's not BIg Lots, Dollar General, or 99c store
Stocks to Watch: FIVE, ESRX, WAG & Moreat CNBC(Thu 12:58PM EDT)
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Run by the Zany Brainy crew
The store was interesting when they first opened due to the novelty of their products and there were some decent values.
But like the dollar stores, it is becoming more of a challenge to get decent Chinese products cheap enough.
This company now resorts to selling for 2-5 dollars many of the same items found for a dollar at dollar stores.
Unlike the dollar store, the have a more difficult time creating value in their price range. When they run out of product-which they often do- they simply throw more books, software, and dvds on the shelves
Really Cool Plastic cup with lid
Super duper cool roll of Neon Duck tape
Why pay 1 dollar for ear buds when you can pay 5 at Five below?
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Zany Brainy was a United States retail store chain owned by FAO Schwarz that sold educational toys and multi-media products aimed at children ages 4–12. Its merchandise included games and puzzles; infant development toys; books, audiocassettes, CDs and videos; arts and crafts; building toys and trains; computer software; electronic learning aids and musical instruments; science toys; plush toys and dolls; and sports-themed toys. The stores offered daily events such as workshops, concerts, and author appearances.
David Schlessinger, who had earlier started the now-defunct Encore Books chain of bookstores, founded Zany Brainy in 1991. The company's CEO was Thomas Vellios. The company filed for Chapter 11 bankruptcy protection on May 15, 2001, having faced financial difficulties since acquiring rival company Noodle Kidoodle in 2000. Later in 2001, Zany Brainy's assets were sold to Right Start.  At the time of the sale, Zany Brainy had 187 retail locations nationwide.
David Schlessinger and Tom Vellios have founded another successful retail chain, Five Below.
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