To: Outer-limits who wrote (946) | 10/21/2002 3:19:41 PM | From: Nutty Buddy | | | "To hire or not? Holiday dilemma for U.S. retailers" biz.yahoo.com
Some advice to Best Buy....don't hire. The place is already overrun with annoying eager salespeople ready to tell me they are not commissioned. The more effort I place in not looking like I need help, the more they hunt me down. Maybe I look suspicious trying to duck them. If, by chance, I have a question, it's way over their level of expertise. Maybe they can issue shoppers like myself a "Don't Bother Me, I Know You're Not Commissioned" badge at the front door.
I can go to CompUSA right down from Best Buy. Again rampant with sales people, but you have to hit them with a brick to get help...my kind of service.
When sales pick up for the holidays, put Best Buy sales people, already on the today's payroll, on the registers.
Buddy |
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To: Nutty Buddy who wrote (947) | 11/2/2002 6:40:55 PM | From: cody andre | | | Best Buy is a lousy stock and lousier company. Their sales people cannot sell a dead skunk.
Almost 2 years ago, I bought a HP laptop from them with a 3-year service contract. Since then, it has been at the misnamed "service" center 4 times - over one month each period. In short, almost 20 percent of the time ... When I talk to their "service" people, they tell me not to take it "personal".
I am not supposed to consider my own money and property "personal" !!!
Whatever PR & Wall Street spinners say, Best Buy is going down ... six feet under. Given their "service" mentality, it is only a matter of time before it sings Chapter Eleven.
CA |
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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'.
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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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