Are prices like this everywhere?

[Snobdds]

I did on mowing & feed hay.
Can’t do it on mulch hay. Buyers dictate prices. Everyone is paid the same.
It’s a regional market thing.

I know you’re a rock star big business guy in Wyoming and elsewhere, but it doesn’t work that way in my little, insignificant part of the world.

You may be the only person I know that is afraid to pass along operating costs. If you want to stay in business, you bet get comfortable with that.

What you should be cautious about is passing along high profit margins.

 

[kenmbz]

We checked the quarterly returns for a few large supermarket chains (ex. Albertsons).
Profit is up big time, so it's not supply/demand keeping up pricing at this point.

 

[5030]

grocery stores have always been profit motivated. The more they make the happier they are.

 

[Snobdds]

We checked the quarterly returns for a few large supermarket chains (ex. Albertsons).
Profit is up big time, so it's not supply/demand keeping up pricing at this point.

Did you actually do the financial statement analysis required to determine that? Operating costs are through the roof right now for nearly every company.

 

[kenmbz]

yes, I used to work on Wall street 10Q etc.

 

[Snobdds]

yes, I used to work on Wall street 10Q etc.

Ok. I just saw a bunch of cash that was going to stores that had bad operating margins close and as a result their free cash flow really increased. Which made profits look really high. Once that capital gets reallocated, it should go back down to the historical trended average.

 

[kenmbz]

I have looked and Albertson's, as in this example, has been opening stores not closing them.
Smaller chains like Wegmans here are reporting good/average returns, but they also did not raise their prices as high as say ACME or GIANT.

 

[MossRoad]

I'm going to just leave this here.

I'll state this again...if you have no credit amounts owed, no new credit, have no credit mix, the best you can get is 50% of a formulated score. It's mathematically impossible to have a high score when you don't have those areas contributing to the overall.

I love the overly optimistic tone, but I have reservations.

I'm glad you posted that. It's from the same company I posted a link from in post #82 that I'll post here again.

Is Having No Debt Bad for My Credit Score?

Getting out of debt is a laudable goal, and it won’t hurt your credit as long as there is some activity on your credit report.

www.experian.com

 

[ultrarunner]

I’m not up to speed as I never had a loan except for First Mortgages… no car, student, consumer ever and not high income… but what have is paid for except for a 2.75 fixed home mortgage with less than 10 years remaining.

I do have a credit card I use for business but not once have I carried over a balance.

There must be something the credit rating companies are missing but I don’t know what?

 

[MossRoad]

I'm going to just leave this here.

I'll state this again...if you have no credit amounts owed, no new credit, have no credit mix, the best you can get is 50% of a formulated score. It's mathematically impossible to have a high score when you don't have those areas contributing to the overall.

I love the overly optimistic tone, but I have reservations.

Also, I have to ask if you even read the article that graphic came from and what those categories mean, and how they use those categories to determine your credit score.

How Is Your Credit Score Determined?

Credit scores are determined by different categories, with payment history as the most important. Learn more about the factors that affect your score.

www.experian.com

Some highlights, bolded by me.

Payment History​

Your payment history, as it appears in your credit report, is typically the most important category in determining your credit scores. Within this category, the scoring models consider:

• On-time payments: A history of paying your bills on time is good for your credit scores.
• Late payments: Payments made over 30 days late will typically be reported by your lender and hurt your credit scores. How far behind you are on a bill payment, the number of accounts that show late payments and whether you've brought the accounts current are all factors.
• Public records: Filing bankruptcy can significantly hurt your credit scores.

Amounts Owed​

Amounts owed, or your credit usage, comes just after payment history in importance when determining credit scores. In part, this category includes how much you owe on loans and how many of your accounts have balances. The main consideration in this category, however, is your credit utilization ratio.

Your credit utilization ratio, or rate, is determined by comparing the current balances with the credit limits on your revolving accounts, mainly credit cards. To calculate your credit utilization ratio, add up the balances on all your credit card accounts, divide that number by the sum of all your credit card limits, and multiple by 100 to get a percentage. That percentage is your utilization ratio, and generally, lower utilization ratios are better for credit scores.

Credit scoring models look at each revolving account's utilization rate as well as the overall rate across all accounts. In either case, it's best to keep your utilization under 30%. Those with the best credit scores tend to use under 10% of their available credit.

Length of Credit History​

Responsibly managing credit accounts over a long period of time can help your credit scores.

New Credit​

(ME: Pluses and minuses that cancel each other out.)

Types of Credit Accounts​

Credit scoring models may also look for experience managing both revolving and installment credit accounts. Having a mix of accounts can help your scores.

Some credit scores are built for specific types of creditors, such as credit card issuers or auto lenders. Your experience with the correlated types of accounts could be more important for these types of scores.

________________________________________________

Back to me again:

So there you are.
They are looking for people that make their payments on time, are using a small percentage of their available credit, have done so over long periods of time, don't really care about new credit, and don't really care about the types of credit accounts as long as you manage them well.