| To: cody andre who wrote (948) | 11/2/2002 8:58:22 PM | | From: Nutty Buddy | | | | Hi Cody,
I don't think chapter 11 is anywhere in the cards. Best Buy is a well managed company and will continue to do well sales wise. In an extended economic downturn profits would be hurt due to their debt level and low margin business, but I don't see that happening long term.
Sorry about your laptop problem. Sounds like HP laptops aren't very reliable. I've had two Compaqs that I won't too happy with performance wise. One was returned for a refund, the current one is rittled with bad hard drive sectors. I wouldn't let Best Buy touch anything of mine in need of repair, unless they're shipping it back to the manufacturer which I'm sure wouldn't happen if it is out of the manufacturer's warranty period.
Buddy |
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| To: neverenough who wrote (951) | 11/4/2002 5:07:03 AM | | From: cody andre | | | | Will you buy again from a company that sells crap?
How would you like your brand-new car in the repair shop for 20 per cent of the time after buying it?
No sales, no money. No money, no honey.
Moreover, there seems to be a lot of hanky-panky accounting with recent acquisitions in the US and Canada a la Enron. Overstatement, etc. ... it shows the top management is the problem. |
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| To: Steve Sucheck who started this subject | 11/12/2002 8:40:11 PM | | From: pcyhuang | | | | Timely recommendation
We recommend the purchase of Best Buy (BBY @18.50).BBY
sells personal computers and other home office products,
consumer electronics, entertainment software, major
appliances and related accessories through 481 retail
stores. For the 26 weeks ended 8/31/02, revenues rose 22%
to $9.59 billion. Net income before accounting change
fell 6% to $132 million. We estimate BBY will earn $1.68
per share on revenue of $22.7 billion this fiscal year
ending March 2003, and $1.95 per share next year.
Projecting an average earnings growth rate of 16%, we
estimate BBY's current PEG ratio to be .64x, substantially
below those of its peers'.
Click here for detailed company report.
moneycentral.msn.com
Click here for customized chart.
stockcharts.com[l,a]daclyyay[pb50!b200!d20,2!i][vc60][iue12,26,9!lb14!la12,26,9!lg!lf!lj[$spx]!ll14!ld20]
pcyhuang
huangcapital.com
Huang's Mechanical Hedge Investing |
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| To: TH who wrote (930) | 11/20/2002 2:51:55 PM | | From: TH | | | | I have NO information at all to base my decision on, but I'm taking profits today. Out at 24.55
And, I expect this will keep on going up, but I'm not greedy today.
Tomorrow I may be greedy again. Seems like a character flaw with me.
Good Luck
TH |
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| To: TH who wrote (955) | 12/6/2002 1:52:57 AM | | From: Patric Von Swarengen | | | | you started this thread 6 years ago? Wow, you are dedicated.
What exactly do you like about "the numbers"?
I'm not an account, and trade on instincts, and my "guts" say, XMAS spending shouldn't be any worse than last year, and last year the stock was worth 40+. It's probably a deal at 28(my entry point).
But there is always someone who will bag on stuff like "customer services sucks this year, margins are smaller this year....walmart has electronics....etc..." |
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| To: Patric Von Swarengen who wrote (956) | 12/6/2002 11:45:11 AM | | From: TH | | | | PVS,
"you started this thread 6 years ago? Wow, you are dedicated."
I did not start this thread, but I wish I did as I would have reaped the reward of 6 years of investment in BBY.
I like the fact that BBY did OK on SSS with a full week less of X-mas shopping in Q3 02. Certainly .3% is not great, but with the current economic conditions this just screams "well run business". Firming up the Q3 02 earnings a bit also helps with the current PE.
I like BBY at this level. At $40 I would not be too sure. It about being able to buy the number 1 in the sector at a fair multiple relative the rest of the S&P.
I expect to see mid-30s within 6-8 weeks, and that is a decent return by any standard.
Wal-mart is a concern, but not a major one. Where is Wal-mart going to put the stuff to compete with the range BBY offers? But Wal-mart may suck some away from BBY on the low end, and I will be watching that.
Good Luck
TH |
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