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Best Buy Co., Inc. Message Board

  • stockmamma stockmamma Jan 29, 2013 7:57 AM Flag

    BB&T - do they know something

    I have been conflicted about holding my position or lightening up. I have taken some profit over the last several weeks, but still hold a meaningful position. I understand the bearish arguments regarding the business model, etc but I think there is a place for a big box electronics retailer. When I need electronics or an appliance, I go to Best Buy - period.

    I also thing that the landscape is changing with states requiring sale tax on internet retailers. I also think that even a small improvement in efficiency dropping to the bottom line makes this a home run for PE is they roll it out again a few years from now.

    But, there is the uncertainty around financing. Can Schultz get it done and at what price? I do know... but am intrigued by BB&T recent upgrade and $21 price target. If the buyout announcement is at or near that price they look really smart and if the buyout dies and the price craters they look like idiots. Why would BB&T take that risk with such a battle ground stock unless they know something? Makes me think maybe they do know something...

 
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