Mon, Oct 20, 2014, 5:18 AM EDT - U.S. Markets open in 4 hrs 12 mins

Recent

% | $
Quotes you view appear here for quick access.

Best Buy Co., Inc. Message Board

  • cu_momo cu_momo Jun 6, 2013 4:30 PM Flag

    If CONN can be $54 a share,

    Why not BBY.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Totally different business Conns sells many different items than BBY does. Read the Yahoo article about Conn's and their numbers, comps and margins compared to Best Buy's numbers, comps and margins. However the way BBY's shares are being propped up after a $1.3 billion revenue miss and mostly negative comps across the board you never know in this market. I believe BBY has one more quarter to allow Joly's team to show revenue and profit growth and expanding margins or Wall Street will start to doubt the turnaround story and start to sell the shares. For sure funds will sell and the HFT guys will leave or even flip the trade. Eventually the story has to more than just cost-cutting.

    • do the math! stop dreaming less fool

    • Share price is irrelevant. It's the market cap that is important. Conns is a much smaller company that had quarterly revenue of $251M. But they only have 35M shares outstanding, compared with BBY's 340M. Share price multiplied by # of outstanding shares equals the market cap.

      Conns just had a blockbuster 1st Quarter earnings report. Profits were up 92% over last year on higher margins, and comps were up 8 to 13%. All good numbers that Best Buy did not report. Yet the company is worth only $1.9B, while BBYs market cap is $9.4B. Conn's also has earnings and a PE, whereas Best Buy has a negative PE.

      So be happy with 27, as $9.4B in market cap is high and based on a hope and a prayer. Let's see BBY's next earnings report, I'm sure it won't match Conns 1st quarter report.

 
BBY
31.34+0.06(+0.19%)Oct 17 4:06 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
SAP SE
NYSEFri, Oct 17, 2014 4:02 PM EDT
NewLink Genetics Corporation
NasdaqGMFri, Oct 17, 2014 4:00 PM EDT