CONN's Down $15 In Two Days On An EPS Miss Despite Good Comps
There was problems in their credit card division which they say they are addressing. The share price was almost double Best Buy's two days ago at $68.31 and closed at $53.19 today. Now Best Buy's quarter just passed and I guess was good based on the stock action. If Best Buy struggles in the next quarter and I'm only saying if would we see a haircut like this next time? It's quite possible since both stocks are up a ton this year so far. Best Buy's next report is more than two months away so a lot can happen until then. Something to ponder. CONN's and the ex-div date kept BBY down today I believe. I still believe funds are trying to get BBY to $40 before year end but it may be tougher with all the garbage going on to hit the markets each day. Enjoy the weekend I will...are you ready for some FOOTBALL? I am!