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Best Buy Co., Inc. Message Board

edblue1003 220 posts  |  Last Activity: 8 hours ago Member since: Jul 24, 2012
  • Reply to

    Dividend - Buying more

    by mross1ten Dec 4, 2014 12:51 PM
    edblue1003 edblue1003 Dec 6, 2014 6:01 PM Flag

    Gosh, nice to see some INTELLIGENT people on this board. You DEFINITELY have the right idea!

  • edblue1003 edblue1003 Dec 4, 2014 5:16 PM Flag

    Casino, be sure to read my reply to your question under my blog. Both WYNN and LVS have been 'painful' as of late. These stocks have been volatile the past few years but have always rebounded. Yes, these are
    buying opportunities! Good luck!

  • Reply to

    Volume under 3 mos. average today!

    by edblue1003 Dec 4, 2014 2:52 PM
    edblue1003 edblue1003 Dec 4, 2014 5:12 PM Flag

    I have NOT abandoned LVS since my initial purchase at $ 2.43 per share. I have ADDED since then with NO sales. My plethora of shares purchased back in early '09 have been paid back just through dividends and special ones. In short, I have none of my money invested now but hold thousands of shares. Sweet! I purchased WYNN back in '09 and purchased shares on its ascent. I have captured many divi's and special ones on this WINNER, too. I have NEVER sold any shares. Both have been
    'painful' lately but that is investing. Remember, LVS paid NO dividends back in '09. NONE! Today, the yield is 3.38% which is INCREDIBLE! And this divi was HIKED 30% recently, the 1st one to be paid in March '15. So, the yield will accelerate to 4.48%. Headwinds will abate going forward.
    Both companies are run by the best CEO'S in the business. Like AA which I have accumulated
    many shares, I like companies run by dynamic, aggressive, and honest CEO's. Check out AA.
    This, like WYNN and LVS, is a real WINNER! It was just upgraded TODAY to OUTPERFORM by WELLS FARGO to $24 per share. I got this one (and have added aggressively in the $8 range) at $5+ per
    share. Like both WYNN and LVS, it has vacillated, too, but it proved ONLY to be a BUYING opportunity which I captured. Been investing since I was 13 years old and it has been a constant learning curve. Investing is the HARDEST profession in which to be. But it is sure exciting as everyday
    is different. Good luck, CASINO!

  • See what happens in last hour of trading. Even with today's plunge volume is considerably under 3 mos. average. Perhaps, large trades in last hour. Time will tell. Margin calls must be coming in leading to some of the price fall. Worst case scenario (whatever that is) must be factored in. Painful but will continue to hold.
    Hard to believe this was $88 earlier this year. Lot of headwinds.

  • Yeah, they love what they see. Cost cutting and solid growth metrics. Has a $22-24 price target.
    More and more analysts really are JUMPING ON BOARD with this WINNER!

    Sentiment: Strong Buy

  • Get a yield over 3.5% not including specials. Adds to my average price paid but will hold this indefinitely. Got
    this really cheap a few years ago.
    Could get cheaper with all the negative press but company is managed by one of the best (if not the best)
    in the industry. LVS is a great buy here, also. Been adding to AA and GE. AA was just $14 not too many weeks ago and added aggressively. DIS looks very good here
    along with Celgene and Biogen. These stocks have been real WINNERS! And I don't buy on margin. Cash account only.

  • Reply to

    MGM is the casino stock you want to own!

    by daytrade16 Dec 3, 2014 9:40 AM
    edblue1003 edblue1003 Dec 3, 2014 9:49 AM Flag

    It pays NO dividend whereas LVS and WYNN are 3%+ payers (not including special divid). It's just an opportunity to buy both WYNN and LVS on weakness.

  • edblue1003 by edblue1003 Dec 2, 2014 5:33 PM Flag

    In full disclosure, I have been negative on this stock for some time as I knew the dividend, at the least,
    would be slashed. When the announcement was made one could have sold their position at $18.
    I blogged then that anyone interested in this should wait AT LEAST 4 trading days to 'let the water settle'.
    And that was for a 'investor' willing to gamble AND take a position with a LONGER term view. I WAS RIGHT!
    Of course, I was hammered. I have been doing this for over 50 years and investing is the HARDEST thing ANYONE will EVER do. There will be a time when to begin accumulating; perhaps, now. But on a very
    gradual basis and one willing to take a little pain. For IF oil descends more this stock will DESCEND, also.
    Good luck. Some of you have really taken a beating and with the loss of the dividend it is DEVASTATING.
    The morale of the story: Some blogs are worth reading and being OBJECTIVE when you read it. MOST
    aren't worth the time. But get educated and learn from this horrible lesson. CRAZY dividends almost ALWAYS cannot be sustained.

  • Reply to

    New ALL TIME LOW set today!

    by edblue1003 Dec 1, 2014 4:56 PM
    edblue1003 edblue1003 Dec 2, 2014 3:37 PM Flag

    Today another ALL TIME LOW. This LOSER has just 17.5 million shares outstanding. Gosh, if they
    do another reverse split (say 1:5) that would leave only 3.5 million shares outstanding. That should make
    for some interesting spreads (buy/sell). One would be eaten up with the spread and commission.
    This company is a real LOSER.

  • Reply to


    by i.short_stocks Dec 1, 2014 4:22 PM
    edblue1003 edblue1003 Dec 1, 2014 5:25 PM Flag

    Hit a 19 YEAR low today!

  • Yep, another ALL TIME LOW at 21.4 cents per share (adjusted for 1:10). In early Januaryt 2014 that was over
    3x higher than the mark set today and to think this was a $15 stock a few years ago. Man, have a lot of
    naive investors been taken 'to the cleaners'. Nothing left of this LOSER! Except 21.4 cents of value that will be depleted in just a 'matter of time'!

    Sentiment: Strong Sell

  • Reply to

    Angry Shareholders!

    by left2wonderwhy Nov 18, 2014 11:40 AM
    edblue1003 edblue1003 Nov 28, 2014 1:34 PM Flag

    left. YOU invested in this LOSER. Maybe you should look in the mirror for the one to really yell at!

  • Reply to

    How SWSH board soaks up cash while we lose

    by left2wonderwhy Nov 17, 2014 6:30 PM
    edblue1003 edblue1003 Nov 28, 2014 1:33 PM Flag

    Swish, maybe the 'investors' will get back a couple of PENNIES back per share for the many dollars per share they lost on this LOSER. And so it goes......

  • Like a Boeing 787 descending for touchdown, this LOSER continues its own descent. At $2.21 per share
    or the real comparison at $ .22 per share (based on 1:10 split) more and more diehards are 'bailing out'.
    Even these diehards finally see the 'reading on the wall'. Ebola gave a few 'realistic' people the opportunity to catch a ridiculous wave upward and these 'investors' (a term used loosely here) bailed out. At least, they got
    something much higher than where this LOSER is now. A DOW at nearly 18,000 and this LOSER is $ .22 per share. What a devastating lesson to have learned for those who have sold and those fools still holding on.
    But there is some good news here - there's only 22 cents of more pain to come and then this continuing,
    horrific, and pain taking experience will be over. But all of you were warned. And there very so many valid
    reasons to why one should have NEVER taken a position in this LOSER!

    Sentiment: Strong Sell

  • Reply to

    Retirement Plan

    by loper_35801 Oct 16, 2014 2:27 PM
    edblue1003 edblue1003 Nov 26, 2014 5:16 PM Flag

    This could be a good investment for the VERY long term. Personally, I don't invest in
    anything that doesn't pay me something. A dividend that is credible and doable lessens
    the pain until the stock rebounds. This LOSER (short term) does not 'fit the bill'. But in
    something in the 6 - 12 month time range you may succeed. Short term, this thing is 'probably' going lower for many including mutual and institutional funds will be selling. Many individuals don't even
    what happened today and will be selling in the morning Friday and beyond!

  • Reply to

    Retirement Plan

    by loper_35801 Oct 16, 2014 2:27 PM
    edblue1003 edblue1003 Nov 26, 2014 5:12 PM Flag

    I wonder who these 11 THUMBS UP nuts are....probably in the same basket as loper. I feel sorry
    for the guy. Today was devastating for him at the least!

  • Reply to

    Retirement Plan

    by loper_35801 Oct 16, 2014 2:27 PM
    edblue1003 edblue1003 Nov 26, 2014 5:11 PM Flag

    Gosh, another FOOL. How would you like this NUT to manage your portfolio?

  • Reply to

    Retirement Plan

    by loper_35801 Oct 16, 2014 2:27 PM
    edblue1003 edblue1003 Nov 26, 2014 5:10 PM Flag

    Another FOOL!

  • Reply to

    Retirement Plan

    by loper_35801 Oct 16, 2014 2:27 PM
    edblue1003 edblue1003 Nov 26, 2014 5:09 PM Flag

    Yeah, Chuck has offered a rare, sensible assessment. Most of the others are this board
    lack experience, good judgement, wisdom, and knowledge. In short, just a bunch of LOSERS.

  • Reply to

    Retirement Plan

    by loper_35801 Oct 16, 2014 2:27 PM
    edblue1003 edblue1003 Nov 26, 2014 5:02 PM Flag

    This is exactly about what I was talking in a blog earlier in the day. Foolish people look at these
    insane dividend payouts which are not credible and lead to destruction. I figure this guy paid about
    $23 per share. At $16 now he has already LOST $ 70,000 in principal AND now has NO dividend.
    He will 'probably' sell due to STRESS, sit on the money for an indefinite time, and then reinvest into
    another RISKY, DIVIDEND payer. It's a domino effect. It leads to financial ruin UNLESS this person
    just accepts this as a LESSON LEARNED and redeploy the money into a SOLID company with a
    sensible dividend. There were ALARMS SOUNDING about this company way before the DISASTER

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