| 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 |
| | BBY -Best Buy | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| 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 |
| | BBY -Best Buy | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| 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..." |
| | BBY -Best Buy | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| 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 |
| | BBY -Best Buy | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
|
| To: Patric Von Swarengen who wrote (958) | 12/8/2002 2:26:33 PM | | From: Nutty Buddy | | | | Best Buy Unpreferred Customer Weekend:
These weekends are not what they used to be. Case in point:
"Free $25 Best Buy Gift Card Instantly* when you spend $150 or more on any combination of Music, Movies and Video Games"
then read the fine print "Excludes advertised items". Heck, most of their "advertised items" aren't even a reduced price and they get excluded?
"10% Off regularly priced Music and Movie titles, any combination. Limit 5.*"
10% off their regular prices isn't much of a deal, IMO.
"Take 10% off any single item* from these categories:"
One category is Computer Products which stipulates "DVD-RW drives, flash memory, printers $149 & up, etc, etc...." I assume that desktop systems, laptops, monitors, hard & CD-RW drives, video and sound cards, etc., etc...are not included since they are not stipulated.
I've never seen such a restrictive Preferred Customer Weekend at Best Buy. I didn't even bother to shop there, like I've done the past few months. Circuit City is now my hangout...can't believe I'm saying that!
Buddy |
| | BBY -Best Buy | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: Patric Von Swarengen who wrote (960) | 1/9/2003 10:09:58 AM | | From: TH | | | | Patric,
I am still holding BBY. In the green now on my latest positions and I added a little bit more in the mid 23 range.
Provided the market does not tank, I'm thinking low 30s are possible in the near term.
Looking at the report today, BBY seems to have done a fine job in somewhat ugly retail conditions. I am interested in what the call at 11 today will address. Some comments from locals indicate that some of the dog Sam Goody's stores will be closed. Without knowing the details I would assume that is going to be a positive event for the stock price and the bottom line.
Good Luck
TH |
| | BBY -Best Buy | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
