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Best Buy Co., Inc. Message Board

edblue1003 149 posts  |  Last Activity: Feb 5, 2016 5:06 PM Member since: Jul 24, 2012
  • edblue1003 by edblue1003 Jan 15, 2016 8:41 AM Flag

    WYNNN reported preliminary results which the street likes. Stock up around 6%. Should bode well for others in the Macau space particularly those in Singapore.

    Sentiment: Strong Buy

  • Reply to

    Alcoa is ripe for a takeover

    by stokpickerotis Jan 14, 2016 5:48 PM
    edblue1003 edblue1003 Jan 14, 2016 7:28 PM Flag

    or merge it with another large player.

  • edblue1003 by edblue1003 Jan 14, 2016 9:03 AM Flag

    Yeah, this WORTHLESS company downgrades the stock after this horrendous sell-off. This just shows you how WORTHLESS these analysts (a term used lightly here) are....They were recommending a BUY as early as YESTERDAY! Now these WORTHLESS jerks say 'hold'. WORTHLESS!!!!

  • edblue1003 edblue1003 Jan 13, 2016 8:38 PM Flag

    As a long term bull on this stock I must agree. This is pathetic. And Cramer lured many into this fiasco. Now he's bearish when stock is at $7+ per share. Bullish at the highs.

  • Reply to

    Macao Recovery????

    by nanuk_13 Jan 11, 2016 11:13 AM
    edblue1003 edblue1003 Jan 13, 2016 9:17 AM Flag

    The mass market is more profitable than the VIP one. It is 4x's more profitable. The Taipa Ferry Terminal will be open by mid year this year. 200 million Chinese are expected to travel by 2020 vs. 97 million last year. Our stock will open 2 new casinos shortly and the expected operating cash flow will grow this year by $300 million or so and $800+ in 2017.
    It is reported that the company produced $3.7 billion in operating cash flow in 2015.
    Capital expenditures will be greatly reduced this and next year enabling the company to increase dividends (again) and buybacks. Good things coming and just hope nothing happens to dismantle projections.

  • It's already 63.5 million in less than 3 1/2 hours trading with 3+ hours left. This probably has been overdone today but in a market like this 'trends' mean nothing. A stock can be heavily oversold or overbought in markets like this. Today, it is a 'sell' market. Sell anything particularly when the market is up. There will be a point when a stock has gone too far to the downside. Ours may be here now but who knows for sure!

  • Reply to

    AA to issue new shares ?

    by becarefulwhatyoupay Jan 12, 2016 12:21 PM
    edblue1003 edblue1003 Jan 12, 2016 12:50 PM Flag

    Again some huge hitters seem to disagree. For example, Elliott Management. They have said the split is worth $15 a share and 'split + margin + power sale = $26 per share.
    If the upstream can merge with another company that would add value. Today, this upstream business is valued at $0.00. The downstream business could easily be taken out by someone much higher than it is worth today. Buffett paid aggressively for PCP. This could equal 3x on the downstream business to what it is today. The split makes sense. One is just going to have to wait to see it happen which could be 9+ months away.

  • Reply to

    AA to issue new shares ?

    by becarefulwhatyoupay Jan 12, 2016 12:21 PM
    edblue1003 edblue1003 Jan 12, 2016 12:33 PM Flag

    With all due respect, this is ridiculous. Klaus has actually made the right moves. He probably did overpay for Firth Rixson as their 'input' to the company is not what Klaus projected. This company is linked to anything commodity; therefor the downside has been 'probably' overdone. I would argue that the share price would be considerably less without their downstream businesses. Declining revenues is expected in this devastating oil and commodity markets. They won't issue new shares because their cash flow has improved. It's up to over $400 million. There are some smart investors involved with this company one of which is Wilbur Ross who just cited his approval of the way Klaus is managing this company in difficult times. Others will probably get on board and could be buying shares today in this horrendous sell-off. Volume will be 60 million + today. That means someone has bought 60+ million shares. This is volatile times and if you can wait the best thing is jus to ignore the current situation and come back when it has stabilized. This company is NOT like others in its category. They are 'actually' making money.

  • Reply to

    $7.22 for another PCP.

    by u_shorts_r_toast Jan 12, 2016 11:22 AM
    edblue1003 edblue1003 Jan 12, 2016 11:38 AM Flag

    Based on what he paid for PCP it would currently value our stock at 3x the price today. It has $9 billion in backlog orders equal to or above PCP. The value today is still less than what the downstream businesses are worth and $ 0.00 for the upstream side. Some smart investor out there has to see this and expect some announcements with a large whale(s) that took a position. Some already have and are taking the hit with us today and previous ones. Wilbur Ross is apparently on board and he is renowned on Wall Street.

  • This company actually benefits from lower oil. But with China's 'clouded' position and the rise of the dollar has many skeptical of future earnings. Stock is probably oversold. The current action hurts those only who 'have to sell'. I was looking to add substantially after the recent sell-off but didn't. Will wait and see how this plays out.
    I was to see some upside on some positive news before I add to my already large position. The dividend is really enticing and the proposed merger will add value.

  • Reply to

    This is where normally Icahn

    by planet0723 Jan 12, 2016 11:02 AM
    edblue1003 edblue1003 Jan 12, 2016 11:11 AM Flag

    NYSE does not double count trades. So, with 38+ million shares traded someone has sold 38+million and someone has BOUGHT 38+ million shares. Already exceeding normal 10 and 30 day volume with only 1//2 hours trading. Some of these, of course, are multiple trades by short, momentum, and day traders.

  • All commodities selling off. Although different stories, FCX and X are getting clobbered and hitting new lows. Carl Icahn took a stake in FCX around $10+ per share and stock traded as low as $3.65 or so a share.
    And his stake was recent. Volume is huge which could demonstrate capitulation. X and FCX have come off their lows of the day and those trading it have made a nice gain. Wow, what a tough market but with 'opportunity' if one is brave enough to try to catch the 'falling knife'....

  • edblue1003 edblue1003 Jan 12, 2016 11:00 AM Flag

    No, but it is what it is. Momentum, day, and short sellers taking command. Hedge funds, too.
    The selling frenzy is feeding off itself. Someone will come in and and help to reach a trading bottom off the over zealous sellers. You could see someone beginning to look at this company for a possible buyout.
    It's getting real cheap for a company that has diversified itself and making money, albeit not a lot with the
    aluminum market keeping a lit on the stock. But commodities and oil will bottom and people with money
    will take advantage of this dramatic sell-off.

  • edblue1003 edblue1003 Jan 12, 2016 10:52 AM Flag

    Yeah, I saw the same thing on CNBC. Wonder what he thinks about this devastating sell-off?
    This is rough and only thing to do is stay with it at these price levels. Momentum players, short sellers, day traders are playing this to the fullest. Wonder where this bottoms out....

  • And only 1 hour into trading. Stock tanking. Clearly acknowledgment of the bad conference call.
    Very disappointed in Klaus.

  • Reply to

    what makes AA to tank this morning?

    by my2ndwave Jan 12, 2016 9:40 AM
    edblue1003 edblue1003 Jan 12, 2016 9:58 AM Flag

    The conference call by Klaus seemed to be 'clouded'. I know some analysts had to be disappointed as I was. Now you have the day traders. Volume is excessive with some shares traded multiple times. This stock is now 'stuck in the mud'. Oversold? Probably as it is hitting new lows. One you just have to 'stick it out' unless one is on margin.

  • Reply to

    i dont understand this freaking market ?

    by rshtrader Jan 11, 2016 2:58 PM
    edblue1003 edblue1003 Jan 11, 2016 3:04 PM Flag

    This is a very heavily shorted stock. Also, China is affecting anything oil related and materials. Everyone is taking the most pessimistic view. Wilbur Ross (a renowned investor) even said positive comments on the company on CNBC this morning. This didn't help either. Who knows what will happen after earnings announcement at close of market today.

  • Reply to

    What The Obama Doesn't Realize...

    by markpl950 Jan 11, 2016 11:46 AM
    edblue1003 edblue1003 Jan 11, 2016 2:36 PM Flag

    A lot of NUTS out there voted for this loser in the White House. He knows nothing. He will go down as the WORST President ever. Can we stand one more year of this NUT? It will seem like a lifetime.
    Disc: No position in any energy company. It was evident HUSSEIN would and could destroy them all.
    Sorry for your loss (unless, of course, you voted for this NUT. Then you deserve it).

  • Good news this morning (Wilbur Ross and the $1.5 billion contract) and the stock is negative. Sure, China
    has a lot to do with it but the company is much more diversified today than it was years ago and even just months past. I watched this thing move aggressively pre-market. Knowing it could reverse because of the shorts and past recent history I waited for an entry, perhaps, in the $7.90 range. Sure enough it happened and I ADDED more shares. This has been a tough investment but it will payoff eventually. So I will just wait and collect my 1.5% divi. Many influential investors are beginning to buy into this company. They see the value!

    Sentiment: Strong Buy

  • Just highlighted the stock on CNBC at 5:45 ct this morning.

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