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hhgregg, Inc. Message Board

  • longupyours longupyours Oct 31, 2012 11:26 AM Flag

    Please Crash More

    $40 million left on the buyback for a $220 million market cap? I'll be the last owner of this thing in no time!

    Always dreamed and creamed for an opportunity like this. Mr. Market can suck it and bring this thing down to $0.0 for all I care. 4x sales in 10 years despite the housing market killing same store sales growth? $40 million in excess cash to throw back into buybacks per year?

    No brainer.

    Sentiment: Strong Buy

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    • Heavy capex spend on rolling out new stores when comps continue to fall in the mid to high single digits while the economy is growing at like 2%!

      How can this be sustainable and not erroding shareholder value through time?

    • What happened to the big crash that all of the haters predicted? I moved over a nice sum of cash to load up on cheap shares and the price went up. Could it be that people realize that HGG IS NOT BBY and doesn't sell every cd and DVD that Best Buy does? Best buy is getting hammered by Amazon because their strategy is flawed, they can't compete versus online sales.
      As long as HGG continues to sell major appliances and tv's and not try to get into the small dollar items war with walmart and amazon it can compete and win. That's their niche.

      Sentiment: Strong Buy

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