Fortinet Inc. Message Board
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Absolutely! BBY is a specialty BIG BOX ELECTRONICS store and comparing the two is ludicrous. I have debated many here with the attempt of comparing BBY to other big box stores, i.e. Costco, Target, etc.. and it is easy to win. Smoke and mirrors will fade eventually and the truth will reveal itself. : )
Sentiment: Strong Sell
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Hey folks! Remember me?? : ): I love this and had to post.
"The big box retail business model relies too heavily on consumer ignorance or time sensitivity. Best Buy makes the most by upselling expensive accessories, cables, cases, and auxiliary products for every consumer device that are available from online retailers often at a fraction of the price. Its customers are older, less knowledgeable of electronics, and therefore more likely to take the advice of a salesperson.
Ignorance makes its bottom line black.
Banking on Samsung to turn this retailer around would be a fool's move. While Samsung got a great deal – cheap real estate in high-traffic locations – Best Buy earned itself a little more time on life support.
Remember, Best Buy generated only $564 million in free cash flow from more than $50 billion of revenue in the last twelve months. Best Buy is on thin ice; it cannot tolerate any margin compression or declining revenue before it begins to burn cash.
The bottom line
Best Buy may add incremental revenue from a deal to put Samsung Experience Stores under its roof, but the strategy is short-sighted, and won't last forever. It'll take more than a new "boutique" format for Best Buy to justify why shoppers need thousands of square feet of electronics on every corner and in every shopping mall."
Plenty of patience here and eventually Dinosaurs fall......: ))Sentiment: Strong Sell
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I had to come back for this one! Trained Samsung hired help. More shades of "JCP boutiques" before the fall. Blind luck for all of you longs out there that got yourself in this game. Q1 numbers will make it crash!
All about profitability. Don't ever lose sight of that blind squirrels! ; ))Sentiment: Strong Sell
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Let's see, let me help you: Lose $409m with extra Super Bowl week in Q4, Lose over $1B for the year, outlook for Q1 not good with lack of SB week, Schulze couldn't get investors to get on board, Layoffs at HQ and more store closings down the line, problems competing with product mix in-store. OH! I SEE! That's why it's up 80% for the year!! lol.
Sentiment: Strong Sell
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Really a shame that you intellects can't defend your investment. lol : ))
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Why this is up? Love to hear it!! : ) Intelligence please.
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"Hey diddle,diddle, the cat and the fiddle...okay, whatever. I can't help you now. : /
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Same here with me. AND my sons cringe when they get BBY gift card. lol.. Have a neighbor's son, who's friend that works there and says most of time DEAD! "Rock Star" parking! ; )
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Why did all the heavy hitters refuse to back Schulze? Would be perfect opp to buyout cheap with REAL turnaround. Why? Because all "smoke and mirrors" now. jcp jr. in the making. Keep drinking kool-aid pump machine flavor! ; )
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Easter sales?? lol. Another indicator of your lack of understanding of electronics big events. Best Buy had guidance of making $3.50 eps in 2012 and they lose .73eps. You come back and talk about analysts estimates being met after they were adjusted downward for last 6mos. Then you compare Easter to SB week?? Too funny.Company has already stated "pressure" in Q1 from losing SB week and you propagandize with nonsense. "Fair-Marketplace Act" already in effect in Texas and they still can't compete with most goods online; Even their own website.
"Reduction" of sq. ft. is in their own press releases. When are you going to get it? IT'S DEAD.
You poor, poor kool-aid drinker. You will learn the hard way! ; ) -
You have no idea what impairment charges are? One time? Store closings will happen again and liquidation of inventory skews cash flow. I can't read reports for you, your comprehension of numbers is mind boggling...AND why do you keep ignoring SB week???? lol ; )) You will get hard lesson with all the kool-aid drinking and lack of understanding reality. $409M LOSS IN BEST Q! That's reality. Holiday season gone. See you when it crashes! ; ))
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Good luck ospry! No need to call them harsh names. They have their right to do what they think is correct, albeit misguided. And..let them accuse all they want, my experience is that the ones that try and lump people together are the ones that are posting under multiple names themselves! ; ))
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And naked numbers are there and lack of SB week exposed. Meanwhile, more losses, layoffs and store closings. Can't survive on big ticket items price match and can't compete with their own website on most other items. Facts are facts. New return policy will catch up too. Lose more customers. (Will they gain more customers by reducing time to return and price match?lol) Watch and learn the hard way! : )
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You tried that hocus pocus already. Still can't address SB week padded numbers in Q4. Now, margins are further squeezed with price match. Q1 will reveal smoke and mirrors. AGAIN, if biz model works, why close down stores and not repeat process on new ones? Why?? IT"S DEAD and they run losses with divys now. That's next, loss of divys.: 0 You all don't really read, do you?
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.73 eps loss for year when BBY guidance was at $3.50 profit. Q1 will lose YOY numbers with lack of extra SB week. Now, you have pump machine setting you up. Good luck!
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Time is on my side with DEAD BIZ MODEL. The pump machine will stall eventually. Good luck! Plenty of patience here when making $$ elsewhere. Going to ride this dinosaur all the way to bottom. : )
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Friends! You know who you are..I have a trade suggestion..
by hollyannatexas •Feb 28, 2013 11:37 AMWTG! retayl : ) I'm just holding on. Still undervalued. Will lose some opp. in short range, but looking for major breakout soon. Hope I'm right!
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Friends! You know who you are..I have a trade suggestion..
by hollyannatexas •Feb 28, 2013 11:37 AMStarted slowly, but found traction. Hope you all did some! : )
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For those who missed "IT". ; )
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I own a ecommerce electronics store, you own a behemoth big box electronics store..
by hollyannatexas •Mar 1, 2013 12:26 PMBecause I, and many others, have experiened that when it comes to most of the goods sold at BBY, other than big bulk items, it's so much cheaper and convenient from A to Z on transaction, including returns. More people are "getting it" everyday. Do some research. Saving money and time is good, right?I don't need to "feel" a HDMI cable or camera bag when I purchase. Love to have someone pick up at my door, free of charge, if there is a defect.