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Best Buy Co., Inc. Message Board

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  • mitt_romney_4_prez mitt_romney_4_prez May 27, 2012 7:56 AM Flag

    Now Cramer says Sell Sell Sell on BBY

    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 $3.50-3.80/eps diluted for ‘13... aggressively buying back shares.... and now I notice there’s a sizable short position in its shares. As of 5/15/12, there’s a whopping 54.6 mill shs short vs. less than 343 mill shs o/s; for a 15.9% short position. As long as BestBuy’s Board of Directors stays the course of emphasizing profitable lines; right-sizing floor space w/ more doors & less floors; paying a dividend; staying profitable; and continuing to aggressively repurchase shares, while the shorts eventually have to cover.... I think BBY easily gets back to $35+.

 
BBY
34.485-0.625(-1.78%)10:48 AMEDT