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Best Buy Co., Inc. Message Board

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  • mitt_romney_4_prez mitt_romney_4_prez Apr 21, 2012 8:31 PM Flag

    Short Squeezzzzze !!

    BestBuy’s critics are beginning to sound a bit shrill. Really... the predictions of BBY’s demise are premature at best. BBY is having its issues. However, the facts show BBY trades at a super-low p/e... being dumped on by everyone.... pays a nice dividend... makes about $1.5 billion a year or $3.50/eps diluted... aggressively buying back shares.... etc... as long as BestBuy’s Board of Directors stays the course of emphasizing profitable lines; reducing floor space; discontinuing the poorly performing overseas operations; paying a dividend; staying profitable; and continuing to buy back shares... I think BBY easily gets back to $35+ in 12-24 months.

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