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Best Buy Co., Inc. Message Board

  • edya_gupta edya_gupta May 11, 2012 3:29 PM Flag

    when is bankruptcy ?

    sure looks like it!

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    • BestBuy’s critics are beginning to sound a bit shrill. Really... the predictions of BBY’s demise are premature at best. BBY is having its issues. However, the facts show BBY trades at a super-low p/e... being dumped on by everyone.... pays a nice dividend... makes about $1.5 billion a year or $3.50/eps diluted... aggressively buying back shares.... etc... as long as BestBuy’s Board of Directors stays the course of emphasizing profitable lines; reducing floor space; discontinuing the poorly performing overseas operations; paying a dividend; staying profitable; and continuing to buy back shares... I think BBY easily gets back to $35+ in 12-24 months.

    • partyinmypantswhoscummin partyinmypantswhoscummin May 12, 2012 7:29 PM Flag

      Bankruptcy will not happen any time in the near future. As long as changes are done swiftly and appropriatly things will work out fine. People are always quick to write off this company and everytime they are proven wrong.

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