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Best Buy Co., Inc. Message Board

scottbwest2000 3 posts  |  Last Activity: Aug 13, 2014 8:08 PM Member since: Aug 21, 2006
  • scottbwest2000 scottbwest2000 Aug 13, 2014 8:08 PM Flag

    Rasta, thanks for your thoughts on GAAP related to option exercises, it's something I had not heard of before. On the other point about guidance, has MB ever stated when he expects to generate a GAAP operating profit? 2016/17/18? As I recall, MFST, BMC, Oracle, APPL all generated GAAP profit by end of 5th or 6th year of going public. So are these GAAP losses actually a good thing, sustainable forever?

  • scottbwest2000 scottbwest2000 Aug 12, 2014 6:05 PM Flag

    Rasta, I can appreciate loyalty to CRM as it has only gone north since April 2009. If you've been riding this the entire time, even with a few hundred shares, it's been a great time for you. On the other hand, those who like companies that post profits, earnings, pay dividends (aka "Snowball" effect), find CRM's rise a little hard to fathom. Reminds me a lot of the new paradigm being floated by bloggers in the late 90s.

    Sure, the company is selling more. And purchasing new providers for a lot of $ (again, reminds me of the late 90s) so that they can expand at this same rate. But at what point would you say that this growth will translate to profit? Or is this non-GAAP accounting also the new paradigm, they've found a way to hide profit, showing a loss instead???

    If MB has said when he anticipates showing solid GAAP profit, that would turn me into a believer.
    For now, it looks to me that at some point, the momentum play will end.

  • Reply to

    I am calling a bottom.

    by canine_c.unning Jul 8, 2014 11:14 AM
    scottbwest2000 scottbwest2000 Jul 8, 2014 1:15 PM Flag

    you all think this is it? I like the RE aspect, have been following for 3 years, but don't know about the financials. Are they turning the corner?

    would hate to put $ into this if they are forced into reorganization...

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