Best Buy Co. Inc. Message Board
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Difference betwwen bby in 2008 and today.
In 2008 BBY was priced 40. Today it is priced 12 more profitable and pays a bigger dividend, so much for efficient markets. Also private equity is dying to get their teeth in it.
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In 2008 sales were grwing. Sales have dropped for the last 3 years & they squandered their cash. After last qtr now they are actually losing money. What's their forecast, it's getting worse.
- 1 Reply to ex_sll_tier
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I think that's the point ... in 2008 the forecast was positive, so multiples were high. REALITY was somewhat different. In 2012 the forecast is negative, so multiples are low. REALITY .. will be .. .. . different ?
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Four years ago it was not generally believed the company was going under. Today that looks likely. The surprise is that people like you are still willing to pay $12.
- 1 Reply to messnervan
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Hmmm let me guess, Your Short and more than likely one of those that shorted @ $12 or a little lower Hoping, Praying it goes down so you can get out before the Buyout announcement. Keep Praying Wannabee, Keep Praying LOL Time is not on your side the dividend is about to hit along with the fact that Schulze has about 2 weeks to get his offer in, and I really don't think he is going to take it to the wire. :0}
Sentiment: Strong Buy
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I think Private Equity wants to take it at lower price and media is helping them. Other groups of take over should jump in or maybe no need to sell the company. Leaving alone without buyout, the price should have been higher than current price.
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