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Non-Tech : BBY -Best Buy -- Ignore unavailable to you. Want to Upgrade?

To: Patric Von Swarengen who wrote (956)	12/6/2002 11:45:11 AM
From: TH	Read Replies (2) \| Respond to of 980

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