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Best Buy Co., Inc. Message Board

  • mitt_romney_4_prez mitt_romney_4_prez May 17, 2012 8:04 AM Flag

    short interest

    I love BestBuy... both as a customer & investor. 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.... and now I notice there’s a sizable short position in its shares. As of 4/30/12, there’s a whopping 53.9 mill shs short vs. less than 348 mill shs o/s. 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, while the shorts eventually have to cover.... I think BBY easily gets back to $35+.

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