Is Todoric thinking about selling Walmart?

Get them out of here! I can't believe things went south this fast!!

Jeremy Diaz9 said:The plan seems to be that they’re only offloading a portion of Walmart, while keeping enough equity to maintain control over the whole operation.
The real issue isn't just the ownership structure, though; it's the massive amount of debt Walmart is carrying. I suspect they’ll never actually see the valuation they're asking for...
Right now, suppliers are sitting on unpaid invoices for upwards of 250 days. That’s a pretty massive red flag, if you ask me....

From what I've read, the payment windows for delivered goods have ballooned significantly. This is going to trigger a wave of liquidity issues across the entire US economy.

If Walmart ever hits the market, I’m convinced Miskovic would be the first one jumping at the chance to buy out General Mills.

Jeremy Diaz9 said:The plan seems to be that they’re only offloading a portion of Walmart, while keeping enough equity to maintain control over the whole operation.
The real issue isn't just the ownership structure, though; it's the massive amount of debt Walmart is carrying. I suspect they’ll never actually see the valuation they're asking for...
Right now, suppliers are sitting on unpaid invoices for upwards of 250 days. That’s a pretty massive red flag, if you ask me....

Calling it 250 days is an understatement. Walmart barely pays anyone. Your only option is to take whatever credit they grant you and try to swap it for inventory. Just deal with the mess they leave behind.☕

Robert Hall7 said:So let him sell. Just wait—someone on this forum was blathering on about how Todoric got everything handed to him by the government, but now it turns out he’s drowning in debt. From what I can read, he's being practically forced to liquidate. Either he stole it all, or the big wholesalers were in on the scam and managed to stay afloat.

Let him sell. Let him pay back the loans and move on with his life. But what happens to the workforce? The unemployment offices will be packed again. For crying out loud, there was actually some benefit to having that crook around. Don't just sit there complaining if Todoric's empire gets sold off—where is the working class supposed to turn then? Pray that Todoric manages to navigate these empty pockets without selling the companies and losing those jobs.

Dug built up General Mills rather than a private entity, so the debt stays with the company and the new owner; meanwhile, he walks away with 1.5 billion Euro for sixteen years of work, and he might not even have to pay taxes on it.

Sandra Lopez14 said:If Walmart ever hits the market, I’m convinced Miskovic would be the first one jumping at the chance to buy out General Mills.

That's a massive undertaking—way too much for one guy to swallow. Honestly, I suspect he's leveraged to the hilt himself; there's no way he's sitting on enough liquid cash to pull off an acquisition of that scale.

Maria Murphy said:Are you actually sure you know what you're talking about?

What exactly are you getting at?

This is just basic math. It’s no different than how Rajić went from driving trucks before the war to being some billionaire socialite today after flipping assets he got during privatization—just like how Todorica went from peddling trinkets at a local flea market to playing the "successful entrepreneur" while trying to fix General Mills. Who can say for sure?

Robert Hall7 said:If you're such an expert, why don't you just buy it? Besides, how many people do you actually employ?

No offense, but you’re getting a little old with this routine, okay? We get it. You’re successful. You started from nothing and now you’ve got your own little business empire, so everyone else who isn't like you must be an idiot.

I guess Dan Rajić is next on the chopping block.
The insiders are looking to get their cut, which probably means they'll dump Walmart just to pay them off. It’s not like he coincidentally went from being a total nobody to running a global giant, right? Who even knows what's coming next.
Cheers to the TULIPS!

What is there left to wait for? Are we really supposed to sit around and hope that we elect politicians who will actually have the guts to ask how someone managed to amass their first million, let alone the rest? As the recession deepens, layoffs are only going to get more frequent and more severe, and I don't think anyone wants to stay idle until they're staring down total economic collapse. Rajić seems a bit more cautious than most and moved his initial capital out early; after all, in places like Switzerland, nobody asks where the money came from, whereas here, everything was acquired strictly by our local standards, which means it’s perfectly legal. We look back at how Roosevelt pulled the USA out of the Great Depression, much like how Americans today looked toward Obama to handle modern crises. But honestly, does anyone truly believe a watchmaker like Ivo is going to be the one to pull us out of this mess? Once a man buys his own toys, he stops playing games with the rest of us.

Andrew Hill28 said:This is just basic math. It’s no different than how Rajić went from driving trucks before the war to being some billionaire socialite today after flipping assets he got during privatization—just like how Todorica went from peddling trinkets at a local flea market to playing the "successful entrepreneur" while trying to fix General Mills. Who can say for sure?

Following your logic, you wouldn't even want any "successful or wealthy" Americans to exist at all.

Why don't you tell me who actually had money back in '89? I mean someone truly successful with actual production lines and a full roster of employees...

Why didn't you just take out a loan, buy up shares from the workers at Dukat, and become the next "Rajić" yourself???

You're just trying to act superior when really you're just...🙂

Come on, you can't seriously be falling for this nonsense, can you!?☕

placidtinker2 said:Following your logic, you wouldn't even want any "successful or wealthy" Americans to exist at all.

Why don't you tell me who actually had money back in '89? I mean someone truly successful with actual production lines and a full roster of employees...

Why didn't you just take out a loan, buy up shares from the workers at Dukat, and become the next "Rajić" yourself???

You're just trying to act superior when really you're just...🙂

Do you honestly think some random John Doe could just walk in and buy shares in Dukat?!😂

I used to think he was just trying to convince the government that everything is falling apart, mostly so he could fish for some sort of bailout, much like how those massive auto manufacturers in the US scrambled for federal assistance during the global recession.

rustywalker42 said:Do you honestly think some random John Doe could just walk in and buy shares in Dukat?!😂

Ask the guy who sold his shares if he was looking at the ticker symbol or just focusing on the profit...

There were those times when Dukat was worth a tiny little million, and that’s exactly when the vultures from the "public" sectors were snapping up shares for pennies on the dollar. But let's be real—not everyone managed to actually scale those businesses...

driftingdriver said:I used to think he was just trying to convince the government that everything is falling apart, mostly so he could fish for some sort of bailout, much like how those massive auto manufacturers in the US scrambled for federal assistance during the global recession.

exactly so
but I'm sure the financial crisis hit Todorica just as hard...

There’s just no way he’s going to sell off Walmart; honestly, that company is like his kid. And let's not even get started on what that would do to the rest of the products in the General Mills portfolio. If he sells off the retail side, he’d basically be gutting General Mills entirely. I mean, if what they're reporting over at Forbes is actually true—that he’s asking for 1.5 billion Euro—then everything makes sense. If some maniac shows up who hasn't figured out where to park all that cash, then fine; maybe he'll sell. But if not? Well, I guess the government will just have to step in with some subsidies, kind of like those old potato subsidies we used to see back in the Midwest. :-)

placidtinker2 said:exactly so
but I'm sure the financial crisis hit Todorica just as hard...

Look, if you have more money in absolute terms, you simply have more to lose. 😬

briskbison55 said:There’s just no way he’s going to sell off Walmart; honestly, that company is like his kid. And let's not even get started on what that would do to the rest of the products in the General Mills portfolio. If he sells off the retail side, he’d basically be gutting General Mills entirely. I mean, if what they're reporting over at Forbes is actually true—that he’s asking for 1.5 billion Euro—then everything makes sense. If some maniac shows up who hasn't figured out where to park all that cash, then fine; maybe he'll sell. But if not? Well, I guess the government will just have to step in with some subsidies, kind of like those old potato subsidies we used to see back in the Midwest. :-)

It’s basically either a massive billion-dollar bailout or we’re sliding straight into socialism. Honestly, I don't know how Dorothy is supposed to manage an economy like this one... it definitely doesn't look good for her.