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Best Buy Co., Inc. Message Board

  • jk4763 jk4763 Feb 19, 2013 8:41 AM Flag

    nice call Jeff Macke.. another wall street clown..

    If you listen to these guys you will lose lots of $$$

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    • Those guys including Cramer, look probably at 20stock + on a daily basis that means about 400 stocks a month with some more attention on stocks in the top news. How can they develop the conviction to put up a big trade - impossible! On average I am focusing on three stocks at the most with checking my watchlists/screens and headline news on a daily basis. Back in Nov/December 80% of my reading was on BBY. Any retail investor can outsmart those guys buy pure effort and detailed, hard work.

      Sentiment: Hold

    • basicknowledge@att.net basicknowledge Feb 19, 2013 8:58 AM Flag

      I would go even farther than that. If a company implements a new policy about matching prices of competitors, that to mean, means they intend to fight the competition head on. Also means they will NEVER get bought out and go private. If they have new policies, procedures, on price match, returns, etc. I would think that is a HUGE sign saying they will do business as usual. Nothing going on says anything about them wanting to sell out.

      • 1 Reply to basicknowledge
      • This might be the most idiotic response I have ever read. The company "implementing a new policy about matching pricing of competitors," means they bombed the holiday season and are loaded up on inventory and running out of cash, thus forcing them to lower prices for cash flow purposes killing their margins. If their revenue takes a 5-10% hit , this stock is toast. Not to mention the company sold off 1.2 bil in minority interest through dividends last year. That combo = DESTRUCTION

 
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