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Best Buy Co., Inc. Message Board

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  • overrated_author overrated_author Feb 25, 2011 8:46 AM Flag

    Safe to buy now

    good tone of caution

    i would say that if you want to get long BBY you should DEFINITELY wait out this quarter

    if they guide down or have a bad quarter you'll see March 2009 lows with a high degree of certainty. this stock can drop 15% in a day easy

    what's more, you don't have a very high short interest built-up in BBY yet either (i.e. not a crowded short that will see a TON of short-covering if they DO BEAT earnings)

    so net-net risk reward still favors shorts given what we now about holiday traffic, snow storms, and growth of online retailers this past Christmas. Hard to say Best Buy benefitted amidst those trends.

    i repeat: Best Buy is an obsolete business model as we head towards 2015... they have ZERO competitive advantages and all the COST DISADVANTAGES to compete with Amazon, Ebay etc... their online strategy is so 2008, so 2000 & LATE...

 
BBY
31.03-0.42(-1.34%)Jul 25 4:02 PMEDT

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