The income statement for 2012 and 2013 shows BBY had a net loss. If you look closely at the 2012 and 2013 statement of cash flow, you will discover two non cash items for year 2012 and 2013. 2012 non cash item was for $1,585,000,000 and for 2013 the non cash item was for $1,419,000,000. In a sense, BBY did have a net income for 2012 and 2013. Why do most individuals think that BBY is going bankrupt????? What do you smart people think??? give me some feedback....
Yes, they sold it in April for a $1.4B loss, but the European earnings were a very small contribution. The whole market is running wild today. I'm glad that you got a good price today.
BBY just keeps taking the money of anyone that bets against it. The MMs bring it down a little to suck in more of the inexperienced shorts then turn right around and let it go back up, It's devious the way they are cleaning out the shorts. That's what happens to fools and their money.
telecaster... didnt they have the earnings from europe until the end of april and then sold it in april for 700 million??
On an unrelated note, best buy has 500 million in debt coming due in july, that is probably why they sold the stake in europe. I shorted another 600 shares today (to a little over 3,800 shares).
No way to beat the consensus with all of the reorganization charges. Never happen. If they are lucky they'll hit the low end of estimates around 15 cents. Charges and writeoffs galore. I'm waiting for earnings for these silly analysts that got way ahead of themselves. Squeezed margins and reorganization of every store... Cash flow will decrease as well without European operations. CEOs are concerned about their operations, not their stock price.
Worse for shorts is yet to come on May 21 morning when they announce that they beat the est .of $0.25 Joly is on the mission to take the BBY stock to $35 by September.
I know they are calling this spam but the stock has moved up nice this week from near .10 to .20. Not bad and on some volume. I'm watching you never know with momentum players just look at BBY.
yea...tough call. logically, this company is toast. even after earnings the fundamentals most likely will not support the price on BBY. They definitely don't currently. I'm also thinking about buying more puts but I think I will wait until after earnings. When this thing starts it's slide there will be plenty of time to jump in for the crazy ride down.
Sentiment: Strong Sell